OEL is among electronic manufacturing services that has qualified for production linked incentive (PLI) scheme
Optiemus Electronics is looking to double production capacity for wearables and hearables along with ramping up the production of laptops to 1.5 lakh units a year in 2022, a senior company official said.
Optiemus Electronics Limited (OEL) Managing Director A Gururaj informed that the company is looking to invest Rs 150 crore on ramping up manufacturing capacity as well as hire up to 2,000 people in 2022.
“We can manufacture roughly about 1lakh to 1.5 lakh laptops per year. Customer is saying that I want more. We are in discussion with them (OEMs). We are at about a lakh and a half like laptops per year (in terms of capacity). We will start somewhere at that level to begin with in the next two to three months,” he told PTI.
OEL is among electronic manufacturing services (EMS) that has qualified for production linked incentive (PLI) scheme. He said that OEL is bullish on growth in wearables and hearing device business during the present calendar year.
Gururaj said that OEL has started focussing on the wearable segment even without PLI being in place for the same. The company already makes devices for Noise.
“While we are ramping up capacity for Noise, we will also be working with more brands and OEMs to double-triple this business in the coming year. The hearables and wearables space is the homegrown brands are doing very well, you know, and I think their market share is substantial,” Gururaj said.
The company at present has capacity to manufacture 3 lakh wearables and hearable devices at present which it plans to more than double to 7 lakh units per month by March, he said.
