Optiemus Electronics Limited (OEL) has entered into a significant manufacturing agreement with Ai+ Smartphone to produce mobile phones and other smart devices in India.
Under the agreement, Ai+ Smartphone and OEL will invest approximately ₹125 crore over five years, creating around 1,200 jobs. The production, set to commence in April 2026, will occur at OEL’s facility in Noida, with plans to manufacture about 3 million smartphones. The collaboration also includes the production of tablets, IoT devices, and advanced wearables, supporting Ai+ Smartphone’s broader product portfolio.
Ai+ Smartphone devices will operate on NxtQuantum OS, an Indian sovereign mobile operating system designed for transparency and compliance with local data laws. Madhav Sheth, CEO of Ai+ Smartphone, emphasised the importance of building a quality and sovereign Indian brand, highlighting the partnership as a step towards creating more value domestically.
Ashok Gupta, Director of Optiemus Electronics Limited, expressed enthusiasm for the collaboration, noting the potential for strengthening domestic manufacturing and future export growth. The agreement aims to bolster Ai+ Smartphone’s ability to expand its India-first portfolio while maintaining quality and supply chain control.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.