Electronics contract manufacturer Optiemus Infracom is setting up a new factory for mobile manufacturing in Noida, which is expected to be operational by early February, a top executive of the company said recently.
The company has plans to raise Rs. 285 crores from sale of one of its buildings in Noida to Kailash Darshan Housing Development (Gujarat), which the company plans to utilise towards mobile manufacturing business, repay the existing loans and reduce the interest burden and for general business purpose.