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OEL, Wistron forms alliance; to invest Rs 1,350 cr in electronics manufacturing

Wednesday, 25 Aug 2021
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Optiemus Electronics (OEL), a homegrown company engaged in manufacturing of next-generation electronic products, has inked a memorandum of understanding (MoU) on a strategic partnership to form a unique alliance to strengthen ties with Taiwan-headquartered Wistron Corporation’s Indian subsidiary Wistron Infocomm Manufacturing (India). This alliance with Wistron is a strategic partnership between the companies and will focus on manufacturing of mobile devices, IT hardware products, automotive, EV products, etc. 
The strategic partnership will offer unique proposition in the Indian Electronics Services (EMS) market backed by joint product development, engineering capabilities, software and firmware development besides giving a boost to employment generation in the country. 
The alliance will also work towards creating a joint hub in India for design solutions product development, apart from bringing smart manufacturing to India. 
OEL plans to significantly increase its investment to Rs 1,350 crore in the next three to five years. It targets to achieve revenue of approximately Rs 38,000 crore in multiple product segments while ramping up its manpower significantly to reach a figure of around 11,000 in the next three to five years.
The core areas under this MoU are joint business development, creating world-class design and manufacturing facilities in India, cross-sharing of resources, commitment to bring in smart manufacturing to India, focus on domestic requirement as well as exports, and OEL leveraging on Wistron’s MES expertise. 
Apart from manufacturing mobile phones, the alliance will also work towards design and manufacturing of tablets, laptops, hearables/wearables, telecom products, IoT/Industrial IoT, smart meters/devices and automotive-EV products. The alliance will as well focus on the expansion of design eco-system in India. 
The MoU will also focus on developing product design, and engineering capabilities would be jointly developed. The alliance would work towards creating a centre of excellence for continuous innovation in the focus areas. The key focus would also be on innovation and futuristic approach, design for manufacturing and scalability as well as maximising value proposition.
Optiemus Electronics was formed as a joint venture of Optiemus Infracom and Wistron in 2016 with a vision to create electronic manufacturing infrastructure in India. The vision of this MoU is to emerge as India’s leading electronics company with world-class manufacturing, design and vertical integration capabilities in multiple business verticals.
OEL has been involved in manufacturing of telecom products. The company has partnered with global as well as leading brands to provide complete end-to-end solutions. 
Both the partners have been awarded PLI for mobile phone and IT hardware manufacturing covering broad categories such as smart phones, feature phones, tablets, laptops, all-in-one PC and servers. 
The company will focus on hiring experienced team with knowledge of multiple products & segments and understanding of global business culture.


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