Ref. No.

- OILlBLlSE12015-16135

November 24, 2015

The Deputy Manager,

Department of Corporate Services,

BSE Limited,

Floor 25, P J Towers,

Dalal Street,

Mumbai- 400 001

Scrip Code:

530135

Sub: INTIMATION REGARDING ANNOUNCEMENT OF JOINT VENTURE AGREEMENT WITH

WISTRON CORPORATION TO SET UP TELECOM MANUFACTURING FACILITIES IN INDIA
Dear Sirs,
In compliance with Clause 36 and other applicable provlslons, if any, of the Listing
Agreement, this is inform that in line with the Government's 'Make in India' initiative, the
Company 'Optiemus Infracom Limited' and 'Wistron Corporation', Taiwan's leading Original
design manufacturer, announced today i.e. November 24, 2015, a Joint Venture Agreement to
set up Telecom Manufacturing facilities for telecom products in India.
In this regard,
a copy of Press Release is enclosed herewith for your information and record .
. '.
..
~

nn,lIl'rn""':--inY.;l7i1'C'om

Limited

Enclosed:
Press Release

OPTIEMUS INFRACOM LlM'ITED

CIN NO.: L64200DL1993PLC054086
Reg. Office: R-20, Lajpat Nagar - II, New Delhi - 110024
Ph. no. 011-29840906, Fax 011-29840908
Website: www.optiemus.com

OPTIEMUS

FOR MEDIA PRESEASE

OPTIEMUS AND WISTRON FORM JOINT VENTURE TO SET UP

TELECOM MANUFACTURING FACILITIES IN INDIA

New Delhi, 24 November, 2015-In line with the Government of India's 'Make in India' initiative,
Optiemus Infracom Limited, a leading Indian telecom enterprise and Wistron Corporation (A Global
Fortune 500 company), Taiwan's leading Original Design Manufacturer (ODM), today announced a
joint venture OV) agreement, in presence of Mr. Amitabh Kant, lAS Secretary - DIPP, Government of
India, to set up manufacturing facilities for telecom products in India.
Over the next five years, the partners will strategically invest approximately US$ 200 million in best
in class infrastructure, technologies and processes,to cater to growing Indian and global demands of
telecom products viz, smart phones, tablets and smart devices. The JV targets to create over 15,000
employment opportunities in India, over the next five years.
.
The partnership aims to provide a complete end to end solution to global and Indian brands
encompassing world class manufacturing infrastructure, distribution, retail and after sales. By
offering a bouquet of services under one roof will make it an unparalleled proposition in the
country.
Mr. Ravinder Zutshi, Managing Director,~p-tiemus Infracom _ Limited,. -said~IUs-a-matter-0f
great pridefor us to actively contribute to the growing manufacturing ecosystem in the country.
With this partnership, we are committed to make available world class technology products at
affordable prices for global and local brands. Embarking on this new journey, we intend to emerge
as one of the top three third party manufacturers in the country in the next five years. Our collective
expertise in design, manufacturing, distribution, retail and after sales services will provide a holistic
solution for brands in India."
Mr. Robert Hwang, President & COO, Wistron Corporation, "We are excited to enter the world's
fastest growing smartphone market with our partner, Optiemus Infracom Limited. We are
confident that by leveraging each other's strengths, we will be able to bring innovation and value at
a faster pace to the end consumers.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."
By 2017, India is expected to overtake USA to be the second largest smartphone market globally, as
per research firm IDe. The market is expected to continue to grow in double-digits over the next
few years as more and more people switch to sJ:I.1~rtpI:!.()n.es_ and gradually upgrade to 4G-enabl
phones.

About Optiemus
Optiemus Group is a $ 650 million award-winning high-performance telecommunications
enterprise. With over two decades of experience, the company has a unique understanding of the
Indian market. The company sold the first mobile phone in the country way back in 1995 and has
been bringing the latest technology products to the Indian consumers through its widespread
distribution and retail operations. For more information, please visit: http://www.optiemus.com!

About Wistron
Wistron Corporation is a Fortune Global 500 company and a Technology Service Provider
supplying ICT (information and communication technology) products, services and systems to our
global customers. It is devoted to increasing the value of its services through developing innovative
solutions in the areas of green recycling, cloud and display vertical integration. For more
information, please visit: www.wistron.com

For more information, contact:

Naveen Arora
Optiemus Infracom Limited
+919818229334

naveen.arora@optiemus.com

Bhawna S. Ningthoujam
Text 100
+91-9999390316
Bhawna.sharma@textlOO.co.in

Binni Rawat
Text 100
+91 9999646207
binni.rawat@text1 OO.com