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Optiemus Electronics to expand manufacturing capacity

Monday, 08 Nov 2021
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Optiemus Electronics (OEL) is planning to expand its production capacity and aims to increase its headcount by around 2,000 people in the next two years.

The company's existing production capacity is likely to be exhausted within two years and it has started looking for locations to set up a new manufacturing unit. At present, the company has a team of 300 people.

OEL is among the electronic manufacturing services firms that has qualified for production-linked incentive (PLI) schemes for mobile phones, IT hardware and telecom products.

The government is giving incentives to companies under the PLI scheme based on the investments they make and incremental sales on a year-on-year basis.

The company has inked an agreement with its old joint venture (JV) partner and Apple's contract partner Wistron to jointly work on boosting production of mobile devices, IT hardware, telecom equipment, etc.

In August 2021, OEL stated that it will invest Rs 1,350 crore in manufacturing of mobile phones and telecom gear with an aim to generate revenue of Rs 38,000 crore in the next three-five years from electronics manufacturing services (EMS) and create 11,000 jobs.

The company has started looking for locations to set up a new factory as present capacity is expected to be exhausted within two years.

OEL has two manufacturing plants in Noida, Uttar Pradesh, with a total combined manufacturing capacity of 20 lakh devices per month.


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