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Optiemus, Wistron team up to bring $200M tech investment

Posted: 25 Nov 2015     Print Version  Bookmark and Share

Keywords:joint venture  infrastructure  mobile manufacturing  smartphone 

Optiemus Infracom, founder of domestic brand Zen Mobile, signed a joint venture with Taiwan-based original design manufacturer (ODM) Wistron Corporation that will bring $200-million (around ₹1,300 crore) investments over the next five years, the Hindu Business Line reported.

The investment, which is expected to generate more than 15,000 jobs, will focus on infrastructure, technologies and processes in response to the growing demand for telecom products including tablets, smartphones and other smart devices.

The goal of the joint venture is to offer a complete end-to-end solution to global and Indian brands including world-class manufacturing infrastructure, distribution, retail and after sales.

"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," Business Line quoted Ravinder Zutshi, managing director at Optiemus Infracom, as saying.

Consequently, the two companies will set up a mobile manufacturing unit in Noida. According to Zutshi, the 100,000ft2 Noida factory will be commissioned by March 2016. It will be a smartphone ready unit with 16 manufacturing lines and an installed capacity of 18 million devices annually.

In the next two years, the facility will expand into an industrial park, which will have a capacity of 100 million SMT and mobile devices per year, The Indian Express said in a report.

Optiemus Group, a $650-million telecom company, boasts of more than two decades of experience in the industry. In 1995, it sold the first mobile phone in the country and has since been delivering the latest technology products to Indian consumers, thanks to its extensive distribution and retail operations.

Robert Hwang, president and CEO of Wistron, said he is confident that the combined strengths of the two companies will bring innovation and value quickly to end consumers.

- Stephen Padilla

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