Optiemus Infracom Limited, Taiwanese ODM – Wistron Corporation inks a joint venture (JV) agreement to establish ingenious telecom products in India.
According to the agreement, the partners will strategically invest approximately US$ 200million in best in class 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 are known to create over 15,000 employment opportunities in India, over the next five years.
Commenting on the strategic agreement, 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.”
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.
“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 added Robert Hwang, President & COO, Wistron Corporation.”
The ‘Make in India’ nod came amid of Amitabh Kant, IAS Secretary – DIPP, Government of India addressing the spurring demand of Telecom products across the country.