Zetwerk Electronics, a part of the $2 billion Zetwerk Manufacturing Businesses, on Saturday inaugurated its largest electronic manufacturing facility near Chennai. The 15-acre campus at Pannur, 55 km from the city in Tiruvallur district, will play a pivotal role in strengthening India’s position in the global Electronics System Design and Manufacturing (ESDM) sector, contributing to India’s ambition of a $500 billion ESDM market and Tamil Nadu’s vision of becoming a $1 trillion economy, said Amrit Acharya, CEO & Co-founder of Zetwerk.
Established in 2021, the contract manufacturing company delivers end-to-end Electronics Manufacturing Services (EMS) from concept to production. The new facility was part of a ₹1,000 crore investment that was announced earlier. It will produce electronic components for various sectors, including consumer durables and IT hardware for domestic markets, and later for international markets.
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The new factory will focus on manufacturing control boards for washing machines, refrigerators, air conditioners, and IT hardware, with advanced production capabilities including five Surface-Mount Technology (SMT) lines, Manual Insertion (MI) lines, potting, conformal coating, and rigorous testing processes. At full capacity, the facility will employ approximately 1,200 skilled professionals.
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Ashwini Vaishnaw, Union Minister for Electronics & Information Technology, Railways, and Information & Broadcasting, inaugurated the facility. In his speech he said, “As Zetwerk launches its 7th factory, we reaffirm our commitment to supporting Indian companies in becoming global leaders.” Two major Electronics Manufacturing Clusters with an approved cost of ₹1,112 crore will be developed at Pillaipakkam and Manallur. This will help the growth of electronic manufacturing in Tamil Nadu in a big way, he said.
“When Prime Minister Narendra Modi took up the responsibility of the country, the electronic manufacturing was a very small industry. However, today electronics has become the second largest export item in the country overtaking many conventional industries over decades.. I want to thank Tamil Nadu government for taking forward PM’s vision,” he said.
India’s manufacturing revolution
Tamil Nadu’s Industries Minister TRB Rajaa said as India’s top electronics producer with 36 per cent share in national exports, Tamil Nadu has always been at the forefront of India’s manufacturing revolution. Investments from new age companies like Zetwerk strengthen the ecosystem and will enable the State’s ambitious target to scale up our yearly electronics exports to ₹100 billion.
Acharya said the new facility was the largest for the company, and designed to be an export hub, leveraging Indo-US trade opportunities and contributing to India’s role in global supply chains.
Later talking to newspersons, Acharya said the company is looking to go public in 15-24 months. Preparatory works are going on in that direction. As a 6-year-old company, there is no time pressure to do the IPO because when companies get to let’s say 10 or 12 years, there is a time pressure as most of the funds who invest have a 7-to-10-years kind of investment horizon, he said.
