Page 26 - Optiemus Electronics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Electronics contract manufacturer Optiemus Infracom on Friday announced completion of sale of one of its real estate assets in Noida for Rs 285 crore, which it plans to invest in expansion of mobile phone production business. Optiemus is one of 16 entities whose proposal under the PLI scheme has been approved by the government. The PLI scheme for large-scale electronics manufacturing was notified on April 1, 2020. "...this is to inform you that after obtaining approvals from shareholders and other concerned authorities, the execution of sale and transfer of land together with structures/bu...

How domestic and foreign companies are upbeat about PLI scheme to make India a manufacturing powerhouse Share Synopsis ​​The central government scheme also partly addresses the “disability gap” that India has against other manufacturing destinations from where goods are imported, say experts who track manufacturing companies. Make in India Computers to lightbulbs, air conditioners to washing machines, phones to medicines, factories in India don’t make the whole product across several categories. What goes for manufacturing is mostly assembly of imported components. In devices where...

Highlights The government looks to spend Rs 1.97 lakh crore on various PLI schemes over the next 5 years, says FM Sitharaman. A scheme of Mega Investments Textile Park will be launched in addition to the PLI Scheme which will create world-class infrastructure with plug and play facilities to enable global champions in exports, said Union Finance Minister Nirmala Sitharaman. In November, the government announced a mega PLI scheme for 10 sectors, including advanced chemistry cell battery, electronic products, automobiles and auto components, pharma, telecom and networking products, textile, foo...

Dixon inks deal with Nokia to make phones in India Premium Padget Electronics is among five domestic manufacturers who have been approved to receive the benefits of India’s new production-linked incentive scheme. MINT 2 min read Share Via Read Full Story Contract manufacturer Dixon Technologies India Ltd Monday said its subsidiary Padget Electronics has signed an agreement to manufacture Nokia smartphones at its plant in Noida, Uttar Pradesh. The company has entered a manufacturing partnership with HMD India, which holds the rights to Nokia’s brand name in smartphones, Dixon Technologie...

The Board of Optiemus Infracom approved the purchase of 27,60,000 Equity shares (19.91% of the total share capital) of Optiemus Electronics, Subsidiary and Joint Venture Company, by way of transfer from Wistron Corporation and enter into Share Purchase Agreement in this regard. Optiemus Infracom already holds 80.09% of the share capital of Optiemus Electronics, therefore, to strengthen its ownership and control, the management has taken this decision. After the success of share acquisition, this transaction would make Optiemus Electronics, Wholly Qwned Subsidiary of Optiemus Infracom as per...