Ai+ Smartphone, Optiemus Electronics ink pact to manufacture 3 mn devices with Rs 125 cr investment

New Delhi: Homegrown technology brand Ai+ Smartphone on Thursday said it has partnered with Optiemus Electronics Ltd (OEL) to manufacture 3 million mobile devices in India, with a joint investment of around Rs 125 crore over the next five years.

The agreement will cover the production of mobile phones, tablets, IoT devices, and advanced wearables at OEL's facility in Noida. The production ramp-up is targeted to begin in April 2026.

"Ai+ Smartphone has entered into a manufacturing agreement with OEL, a subsidiary of Optiemus Infracom Ltd, to produce mobile phones, tablets, IoT devices, and advanced wearable products in India. Under the agreement, Ai+ Smartphone and OEL plan to invest around Rs 125 crore in India-based manufacturing under the Government of India's Make in India vision over 5 years..." the companies said in a joint statement.

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The partnership is expected to create approximately 1,200 direct and indirect jobs across manufacturing, operations, and supporting functions.

Madhav Sheth, CEO of Ai+ Smartphone, noted that there is clear headroom for an Indian brand in a market currently dominated by Chinese and global players.

"Together, we are committing capital, creating jobs, and building under the Government of India's Make in India vision, so that more of the value in this industry is created here, not just assembled here," Sheth said.