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 on Friday.
The company has plans to raise Rs 285 crore 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 interest burden and for general business purpose.