Bengaluru-based contract manufacturing unicorn Zetwerk is set to invest between Rs 500–800 crore in expanding its component manufacturing capabilities. The ambitious investment will drive production of critical items such as printed circuit boards (PCBs), enclosures, and electromechanical components—including heat sinks and sensors—leveraging the government’s Production Linked Incentive (PLI) scheme.
Zetwerk’s co-founder, Rahul Sharma, stated, “We are very excited about the component PLI and have seen a lot of traction in this segment.” The company is actively preparing the application for the PLI scheme while forging strategic technology tie-ups with key partners in Taiwan. Discussions are also underway with South Korean and Chinese companies to further strengthen their technology portfolio and supply chain integration.
The planned investment will support the establishment of new manufacturing plants across various states including Uttar Pradesh, Haryana, Tamil Nadu, and Karnataka. While segments like electromechanical components might be integrated within their existing facilities, the production of PCBs is set to take place at dedicated new units designed to meet the stringent requirements of quality control, power management, and environmental protections.
This strategic move by Zetwerk aligns with India’s broader agenda to boost domestic manufacturing under the PLI initiative and enhance the country’s self-reliance in the electronics sector. The investment is expected to not only create significant employment opportunities but also improve the competitiveness of India’s supply chain in the global market.
Stay tuned for further updates on this transformative initiative in India’s manufacturing sector.
