| <P> Ai+ Smartphone has entered into a manufacturing agreement with Optiemus Electronics (OEL), a subsidiary of Optiemus Infracom, to produce mobile phones, tablets, IoT devices, and advanced wearable products in India. </P> <P>Under the agreement, Ai+ Smartphone and OEL plan to invest around Rs 125 crore in India based manufacturing under the Government of India's Make in India vision over 5 years, creating approximately 1,200 direct and indirect jobs across manufacturing, operations and supporting functions. </P> <P>OEL will manufacture approximately 3 million Ai+ Smartphone mobile devices under this agreement. The scope of manufacturing will also extend to tablets, IoT products, and advanced wearable devices, providing Ai+ Smartphone with a scalable India-based production backbone for its broader smart device portfolio. Production will take place at OEL's facility in Noida, with ramp-up targeted from April 2026.</P> |