OEL to hire 2,000 people in 2 years to ramp up production capacity

Electronics manufacturing services firm Optiemus Electronics is planning to expand its production capacity and aims to increase its headcount by around 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, Optiemus Electronics Limited (OEL) managing director A Gururaj told reporters

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. 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.

He said that the company has started looking for locations to set-up a new factory as present capacity is expected to be exhausted within two years. OEL has two manufacturing plants in Noida, Uttar Pradesh with a total combined manufacturing capacity of 20 lakh devices per month.