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Optiemus Infracom announces its foray into Drone Manufacturing for India And Global Markets

India Business News: Optiemus Infracom, a telecom and manufacturing company in India, has entered the unmanned systems market with the launch of locally-designed drones. T

While global manufacturing companies such as Foxconn, Wistron and Samsung have helped the PLI scheme for mobile phones a grand success, a top executive at homegrown smartphone brand Lava said the manufacturing industry needs more time to establish local champions.

​With a substantial budgetary outlay of more than USD 2 billion, the revised scheme heralds a significant pivot towards bolstering the IT Hardware manufacturing landscape in India, opening the doors for global and domestic supply chains to establish or expand their manufacturing bases in this vibrant market, the association said.

Indian smartphone manufacturers, including Lava and Bhagwati, are struggling to meet their production targets under the PLI scheme for the third consecutive year. Dixon Technologies, however, is an exception, as it has secured big orders. While global manufacturers like Foxconn and Samsung have been successful under the scheme, the domestic industry needs more time to establish local champions, according to Lava's co-founder.