Inspired by Government’s ‘Make in India’ initiative, Optiemus Infracom limited and Wistron Corporation have joined hands for a joint venture agreement. Under this JV, the companies will invest around $200 million to set up manufacturing facilities for telecom products in India. Optiemus Infracom limited is a leading Indian telecom enterprise and Wistron Corporation is a Global Fortune 500 company and Taiwan’s leading original design manufacturer (ODM).
The signing of the pact was done in the presence of Department of Industrial Policy & Promotion, IAS Secretary Amitabh Kant. Speaking at the signing ceremony Amitabh Kant said, “This would be a great example of ‘Make in India’ with a Taiwanese firm entering JV in India to make mobile phones, TV not only for India but to capture share in the rest of the world.” He further added, “To my mind it will contribute in developing manufacturing ecosystem in India. I believe, this JV will lead to setting up various facilities across country. It should manufacture all brands in India - to lenovo to Apple to Sony.”
The Optiemus-Wistron JV will set up its plant in Noida by end of this financial year and start manufacturing HTC phones at that facility. “Our next destination is India. We have average revenue of $20 billion annually and employ 75,000 people. We provide manufacturing service to leading companies HTC, lenovo, Sony Xiaomi, Dell HP,” Wistron Corporation , President and COO Robert Hwang said.