Tue, Aug 23, 2016 - Page 12 News List

Wistron’s joint venture in India already profitable

Staff writer, with CNA in NEW DELHI

A new cellphone manufacturing plant in India turned a profit just one month after beginning commercial operations, Wistron Corp (緯創) said on Saturday.

Hsu Hung-kuei (徐鴻貴), head of Wistron’s pan-America production operations division, declined to disclose the finances of the plant, which Wistron established with New Delhi-based Optiemus Infracom Ltd, a distributor of mobile brands and other telecommunications products.

The two firms formed a joint venture in November last year to establish a plant to manufacture cellphones, which began mass production at the end of June.

Sources told the Central News Agency that the plant made tens of millions of New Taiwan dollars in net profit last month.

The plant currently takes orders placed by Taiwanese smartphone brand HTC Corp (宏達電) and China’s Oppo Mobile Telecommunications Corp (歐珀移動).

Hsu said the plant is in talks with a South Korean smartphone brand about manufacturing products on a contract basis.

The plant has the capacity to roll out 600,000 cellphones per month and is planning to expand its production to 2 million units next year.

Representative to India James Tien (田中光) said that the new plant is a successful model for Taiwanese investors wanting to establish a foothold in India.

Wistron’s success is expected to encourage many of its counterparts to follow the Indian government’s “Make in India” policy, Tien said.

Hon Hai Precision Industry Co (鴻海精密), which assembles Apple Inc’s iPhones and iPads, has invested a large amount in India with the aim of establishing 10 to 12 plants there by 2020.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top