Wistron partners with India's Optiemus in boost for electronics manufacturing

New Delhi: Wistron Corp of Taiwan is partnering with India's Optiemus Electronics to build products such as smartphones and laptops, a boost to Prime Minister Narendra Modi's push to make the country an electronics manufacturing hub.

As part of the deal with contract manufacturer Wistron, Optiemus will invest roughly $200 million to ramp up electronics manufacturing in the next three to five years, the two companies said. The partnership is expected to yield revenues of 380 billion rupees ($5.13 billion) over five years for Optiemus, the company said, adding that it plans to hire roughly 11,000 workers for its two plants on the outskirts of New Delhi. It has a workforce of just about 300 now.