Keeping in mind Indian government’s ‘Make in India’ initiative, Optiemus Infracom Limited
and Wistron Corporation
have announced a joint venture agreement to set up manufacturing facilities for telecom products in India. While Optiemus Infracom Limited is a leading Indian telecom enterprise, Wistron Corporation is a Global Fortune 500 company and Taiwan’s leading original design manufacturer
(ODM). The announcement was done in the presence of Mr Amitabh Kant, IAS Secretary - DIPP, Government of India.
As per information, a strategic investment worth approximately US$ 200million would be done in world-class infrastructure, technologies and processes over the next five years. This would be done to cater to the growing Indian and global demands of telecom products like smart phones, tablets and smart devices.
The joint venture also aims to create over 15,000 employment opportunities in India in the next 5 years and provide a complete end to end solution to global and Indian brands encompassing world-class manufacturing infrastructure, distribution, retail and after sales.
Mr. Ravinder Zutshi
, Managing Director, Optiemus Infracom Limited, said “It is a matter of great pride for us to actively contribute to the growing manufacturing ecosystem in the country. With this partnership, we are committed to make available world class technology products at affordable prices for global and local brands. Embarking on this new journey, we intend to emerge as one of the top three third party manufacturers in the country in the next five years. Our collective expertise in design, manufacturing, distribution, retail and after sales services will provide a holistic solution for brands in India.”
Mr. Robert Hwang
, President & COO, Wistron Corporation, “We are excited to enter the world’s fastest growing smartphone market with our partner, Optiemus Infracom Limited. We are confident that by leveraging each other’s strengths, we will be able to bring innovation and value at a faster pace to the end consumers. With our extensive expertise in the global ICT sector and our partner’s unique local market understanding, we plan to significantly grow and nurture the Indian technology market.”
By 2017, India is expected to overtake USA to be the second largest smartphone market globally, as per research firm IDC. The market is expected to continue to grow in double-digits over the next few years as more and more people switch to smartphones and gradually upgrade to 4G-enabled phones.