Optiemus Infracom, the founders of domestic mobile brand Zen Mobile, on Tuesday signed a joint venture with Taiwan-based original equipment manufacturer Wistron Corporation to set up a mobile manufacturing unit in Noida near Delhi.
The joint venture, in which Optiemus Infracom owns a majority stake, will bring investments of around $200 million and will create over 15,000 jobs over the next five years, the company claimed.
''The first factory of 100,000 square feet in Noida will be commissioned by March 2016. It will be a smartphone ready unit with 16 manufacturing lines with an installed capacity of 18 million devices per annum. This unit will employ around 2,500 people,'' said Ravinder Zutshi, managing director, Optiemus Infracom.
Going forward in the next two years, the joint venture aims to expand the facility into an industrial park with an installed capacity of 100 million SMT and mobile devices per year.
''We are excited to enter the world's fastest growing smartphone market with our partner, Optiemus Infracom. 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,'' said Robert Hwang, president and COO, Wistron Corporation.
The partnership aims to provide a complete end-to-end solution to global and local mobile brands. Optiemus Infracom apart from manufacturing its mobiles under the brand of Zen Mobile, also manufactures phones for HTC.