Optiemus to hire 2,000 people in 2 Years

New Delhi: Electronics manufacturing services firm Optiemus Electronics Ltd (OEL) is planning to expand its production capacity and aims to increase its headcount by 2,000 people in next two years, a senior company official said.

The company's existing production capacity is likely to be exhausted within two years and it has started looking for locations to set-up a new manufacturing unit, says A Gururaj, MD, OEL. "We will have to wait and see how much volume our customers will look at, but I do believe that over the next one to one-and-a-half years, at least a couple of thousand people will be added on the shop floor, if not more," Gururaj said. At present, the company has a team of 300 people.

OEL is among the electronic manufacturing services firms that have qualified for production-linked incentive (PLI) schemes for mobile phones, IT hardware and telecom products. The government is giving incentives to companies under the PLI scheme based on the investments they make and incremental sales on a year-on-year basis. "On the revenue commitment, I think for the first year we are depending on the supply chain situation, we will wait and see how it comes out. We may not fall very short; I think we'll come close to meeting our targets. "Over one-and-a-half years from now, I think we are very sure that we will meet our targets given that there is a lot of interest from customers to work with OEL Wistron," Gururaj said.

The company has signed an agreement with its old joint venture partner and Apple's contract partner Wistron to jointly work on boosting production of mobile devices, IT hardware, telecom equipment etc. In August, OEL said it will invest Rs 1,350 crore in manufacturing of mobile phones and telecom gear with an aim to generate revenue of Rs 38,000 crore in the next 3-5 years from electronics manufacturing services (EMS) and create 11,000 jobs.