Electronics manufacturing services company Optiemus Electronics (OEL) on Tuesday announced a strategic partnership with Apple’s contract manufacturer Wistron to boost production. 

OEL Managing Director A Gururaj said Wistron would invest Rs 1,350 crore over the next three to five years under an agreement signed between the two companies. 

OEL expects to generate revenue of Rs 38,000 crore in the next three to five years and create 11,000 jobs. 

“Demand for electronics has been growing. Production-Linked Incentive (PLI) scheme has started a new chapter in the Indian electronics manufacturing sector, said Mr Gururaj. 

“With partnership with Wistron, Optiemus will focus on manufacturing of mobile devices, personal computers, electric vehicles, etc. Optiemus and Wistron Corporation will jointly explore the possibilities of catering to both domestic and overseas customers through OEL’s manufacturing facilities,” Mr Gururaj added. 

OEL has two manufacturing plants in Noida, Uttar Pradesh with a total combined manufacturing capacity of 20 lakh devices per month. 

OEL has worked with Blackberry, LG, HTC, Jio, etc. It is a subsidiary of listed company Optiemus Infracom. Wistron was earlier a joint venture partner of Optiemus. 

Mr Gururaj said that both the companies had come together again to address the boom in the electronics manufacturing sector. He added that Wistron was making the entire investment of Rs 1,350 crore under the agreement. 

“These (Rs 38,000-crore revenue) projections are based on a PLI scheme drafted by the government, in which a target has been set. The investment of Rs 1,350 crore will be invested in mobile phones and telecom products over a period of three to five years,” Optiemus Infracom Chairman Ashok Kumar Gupta said.