Express Computer
Home  »  News  »  Optiemus to manufacture 1.5 lakh laptops a year, doubles production capacity for wearables and hearables

Optiemus to manufacture 1.5 lakh laptops a year, doubles production capacity for wearables and hearables

0 132

Electronics manufacturing services firm Optiemus Electronics is aiming production of up to 1.5 lakh laptop units a year and to double production capacity for wearables and hearables this year — a move that can bring down prices of products in these categories.

Optiemus Electronics Limited (OEL), Managing Director, A Gururaj said 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 said.

Without commenting on the exact impact on prices of products, Gururaj said that local manufacturing has contributed to the benefit of the end customer.

“The same should happen in the laptop segment as well,” he said.

He, however, said that impact on prices depends on several factors like economy of scale in the product segment, healthy supply chain etc.

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.

“The wearables market grew about 119 per cent on a year-on-year basis, as of June 2021. We had an output of about 1.1 crore units out of India, in that last one year, and strong shipments from homegrown brands. The homegrown brands in this segment, unlike say a mobile phone, are growing big time. Watches are fuelling growth. All these are reports from the IDC,” Gururaj said.

The Ministry of Electronics and IT has proposed the Finance Ministry to provide an incentive of around Rs 22,000 crore in the next financial year as PLI for wearables and enhance the incentives for IT hardware.

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.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image