India’s Optiemus ties up with Wistron to boost electronics production

Electronics manufacturing services company Optiemus Electronics on Tuesday announced a strategic partnership with Apple’s contract manufacturer Wistron to boost production.

Optiemus Electronics Ltd (OEL) Managing Director A Gururaj said Wistron will invest Rs 1,350 crore over the next 3-5 years under an agreement signed between the two companies.

OEL expects to generate revenue of Rs 38,000 crore in the next 3-5 years and create 11,000 jobs.

“Demand for electronics has been growing. Production Linked Incentive (PLI) scheme has started a new chapter in the Indian electronics manufacturing sector.

“With partnership with Wistron, Optiemus will focus on manufacturing of mobile devices, personal computers, electric vehicles etc.