Union Minister Ashwini Vaishnaw inaugurates India's First Tempered Glass Manufacturing Facility by Optiemus

In a groundbreaking move to contribute to India's 'Make in India' initiative, Optiemus Infracom, a leading electronics manufacturer, today inaugurated the country's first manufacturing plant for tempered glass made with Engineered by Corning™, a technology developed by Corning Incorporated, one of the world's leading innovators in materials science, in Noida, Uttar Pradesh.

The manufacturing facility was inaugurated by Shri Ashwini Vaishnaw, Hon'ble Union Minister for Electronics & IT, I&B and Railways, marking a historic milestone for India's growing electronics ecosystem. In FY24-25, India's overall electronics production crossed INR 11 lakh 70 thousand crores, and the country became the 2nd largest mobile manufacturing nation in the world.

With an initial investment of INR 70 crore, the facility will feature a state-of-the-art infrastructure that will enable a complete transformation of raw material into excellent quality tempered glass. Phase 1 will have an installed capacity of 25 million units per annum, generating direct employment for over 600 people. In phase 2, Optiemus will scale up capacity to 200 million units per annum for local and global markets, with an additional investment of INR 800 crore - creating over 4,500 direct job opportunities.

Inaugurating the manufacturing plant, Shri Ashwini Vaishnaw said, "This facility is a testament to India's growing capabilities in advanced manufacturing and innovation. We believe that Indian companies should manufacture durable and high-quality products that benefit both Indian and global customers. As we move forward to develop a USD 500 billion electronics manufacturing ecosystem under the guidance of our Hon'ble Prime Minister, the electronics accessories market is an important segment where India can be a viable global hub for manufacturing."

He added, "Optiemus Infracom's facility will enable India to deliver world-class products to local and global markets, strengthening the Make in India initiative, and driving employment opportunities."

For Tempered Glass, it is estimated that the domestic market is more than 500 million pieces with a retail value of approximately INR 20,000 crore - showcasing a large-scale opportunity in the country. The global market is worth over USD 60 billion.

On the occasion, Ashok Kumar Gupta, Chairman, Optiemus Infracom Limited said, "This is a landmark moment for the Indian electronics manufacturing industry and the Make in India vision. Despite being one of the world's largest mobile phone markets, India has relied on imports for tempered glass. With this initiative, we are looking at building global-scale capabilities to support the Indian and international markets with the best quality products. Our aspiration is that every Indian mobile phone user must use a Make in India tempered glass with BIS certification and fog marking to protect their screen."

Pankaj Mohindroo, Chairman, India Cellular & Electronics Association (ICEA), shared, "This product segment has a very high labour-intensive manufacturing process and presents a tremendous opportunity for India - not just to meet its own high domestic demand, but also to become a leading exporter. By promoting high-quality manufacturing, we see immense potential to support MSMEs, generate large-scale employment, and contribute significantly to India's export footprint - making India a global centre for electronics accessories manufacturing."

With this move, the newly inaugurated manufacturing facility for tempered glass of Optiemus has become India's first and one-of-its-kind, equipped with world-class machinery. The facility boasts comprehensive manufacturing capabilities, including scribing, shaping/chamfering, polishing, dual-stage rinsing, chemical tempering, coating, printing, and lamination. Each stage is conducted under stringent quality inspections, bringing standardized, high-quality tempered glass to Indian consumers for the first time in India.

Shares of Optiemus Infracom Limited was last trading in BSE at Rs. 556.30 as compared to the previous close of Rs. 560.05. The total number of shares traded during the day was 8260 in over 533 trades.

The stock hit an intraday high of Rs. 575.40 and intraday low of 553.10. The net turnover during the day was Rs. 4668539.00.

Source : Equity Bulls

Keywords

OptiemusInfracom INE350C01017 TemperedGlass ManufacturingFacility