Zetwerk, a prominent manufacturing unicorn valued at $2.8 billion, has announced plans to inject Rs 1,000 crore into expanding its electronics manufacturing capabilities. This strategic investment underscores Zetwerk’s ambition to solidify its position as a leading original design manufacturer (ODM) and electronics manufacturing services (EMS) provider in India.
The infusion of funds will fuel Zetwerk’s production across various critical segments, including IT hardware, televisions, mobile phones, and wearable and hearable devices. With a clear focus on scaling up its manufacturing operations, Zetwerk aims to significantly enhance its output to meet the growing demand in these sectors.
Presently, Zetwerk boasts an impressive production rate of one device per second. To meet escalating demand, the company plans to ramp up its manufacturing footprint by expanding from 16 assembly lines in a single factory in Noida to a whopping 60 assembly lines across six manufacturing facilities. These facilities will incorporate cutting-edge technologies, including surface-mount technology lines and PCB assembly.
In line with its expansion strategy, Zetwerk is establishing a high-capacity facility in Bengaluru dedicated to manufacturing critical electronic components such as motherboards and desktop PC power supplies. Catering to major multinational corporations and original equipment manufacturers (OEMs), this facility aims to bolster India’s standing as a hub for electronics manufacturing.
Furthermore, Zetwerk is making significant inroads into the television and display device sector by inaugurating one of North India’s largest TV manufacturing facilities. With an annual production capacity of 24 lakh units, this facility is poised to cater to both domestic and international brands, further bolstering India’s position in the global electronics market.
Commenting on the expansion initiative, Josh Foulger, President of Zetwerk Electronics, expressed optimism about India’s electronics manufacturing sector, likening it to a transformative moment akin to the Y2K phenomenon. Foulger emphasized Zetwerk’s commitment to playing a pivotal role in India’s journey towards becoming a developed nation, referring to it as the “teen powerhouse” of a flourishing ‘Viksit Bharat’ (developed India).
Zetwerk’s substantial investment in electronics manufacturing expansion reflects the company’s confidence in India’s burgeoning market potential and its dedication to driving innovation and growth in the country’s manufacturing landscape.
