HCL Technologies Ltd has entered into a joint venture
with Celestica Inc, a Canada-based electronics manufacturing
company, to provide complete concept-to-manufacturing
(C2M) solutions to equipment manufacturers. Through this
joint venture, the two companies will offer seamlessly
integrated design, manufacturing and supply chain solutions.
first of this kind in the electronics industry, the joint
venture will provide a fully integrated product lifecycle
solution to original equipment manufacturers (OEM), including
product concept, design, engineering and manufacturing,
fulfillment, sustaining engineering, reverse logistics
and after-market services.
will set up a design services centre in Chennai to address
the electronics market space, HCL Technology president
Vineet Nayar said, adding that the centre would employ
about 200 people in the next six months. "From this
joint venture we are expecting an incremental revenue
of $100 million over the next five years," he said.
hopes to combine its broad and scalable design engineering
capabilities with Celestica''s existing strengths in hardware
design for manufacturability and supply chain integration
to create an exciting new alternative for OEMs seeking
time-to-market and total cost advantages.
two companies have a three-year relationship, through
which HCL and Celestica have successfully provided integrated
solutions to customers across the telecom, enterprise,
consumer, medical, aerospace and semiconductor sectors.
recognising the increasing complexity of the marketplace,
including rapidly changing customer demand, and the difficulties
of managing multiple partners at different stages of the
product lifecycle, a new market is being created through
this joint venture. It removes a level of complexity,
allowing OEM customers to focus on their core business
and strategic initiatives," said Nayar.
venture is aligned with HCL''s blue ocean strategy to create
uncontested market spaces and create additional value
for its customers, as well as Celestica''s strategic mandate
to continually bring cost and time-to-market benefits
to customers through its integrated global services and