Optiemus and Taiwan's Wistron to set up telecom manufacturing facilities in India
Over the next five years, the JV will invest about $ 200 million in infrastructure, technologies and processes, to make telecom products, viz, smart phones, tablets and smart devices
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The New Delhi-based Optiemus Infracom Limited has formed a joint venture with Wistron Corporation, a global Fortune 500 company and Taiwan’s leading original design manufacturer (ODM), to set up manufacturing facilities for telecom products in India.
Over the next five years, the JV will strategically invest approximately $ 200 million in infrastructure, technologies and processes, to cater to growing Indian and global demands of telecom products, viz, smart phones, tablets and smart devices. The JV targets to create over 15,000 employment opportunities in India, over the next five years.
The partnership aims to provide a complete end-to-end solution to global and Indian brands encompassing world class manufacturing infrastructure, distribution, retail and after sales. By offering a bouquet of services under one roof will make it an unparalleled proposition in the country.
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.”
By 2017, India is expected to overtake the US 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.
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.”
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