Zetwerk Electronics, part of the $2 billion Zetwerk Manufacturing Businesses, inaugurated its largest electronics manufacturing facility near Chennai on Saturday. The 15-acre site in Pannur, located 55 km from the city in the Tiruvallur district, is set to play a crucial role in bolstering India’s position in the global Electronics System Design and Manufacturing (ESDM) sector. It aims to contribute to India’s goal of achieving a $500 billion ESDM market and support Tamil Nadu’s ambition of becoming a $1 trillion economy, stated Amrit Acharya, CEO and Co-founder of Zetwerk.
Founded in 2021, the company specializes in contract manufacturing, offering end-to-end Electronics Manufacturing Services (EMS) from the concept stage to production. This new facility is part of a ₹1,000 crore investment previously announced. It will manufacture electronic components for various sectors, including consumer electronics and IT hardware, first for the domestic market and later for international markets.
The new factory will focus on producing control boards for washing machines, refrigerators, air conditioners, and IT hardware. It features advanced production capabilities, including five Surface-Mount Technology (SMT) lines, Manual Insertion (MI) lines, potting, conformal coating, and comprehensive testing processes. When operating at full capacity, the facility is expected to employ around 1,200 skilled workers.
The inauguration was officiated by Ashwini Vaishnaw, the Union Minister for Electronics, Information Technology, Railways, and Information Broadcasting. In his address, he emphasized, “As Zetwerk opens its seventh factory, we reaffirm our commitment to assist Indian enterprises in becoming leaders on a global scale.” He also announced the development of two major Electronics Manufacturing Clusters at Pillaipakkam and Manallur, with an approved budget of ₹1,112 crore, which he believes will significantly enhance the electronic manufacturing sector in Tamil Nadu.
Vaishnaw noted the transformative growth of the electronics industry in India, stating, “When Prime Minister Narendra Modi assumed office, electronics manufacturing was a relatively modest sector. Today, however, it has grown to become the second-largest export category in the country, surpassing many traditional industries.” He expressed gratitude to the Tamil Nadu government for advancing the Prime Minister’s vision.
Tamil Nadu’s Industries Minister, TRB Rajaa, highlighted that the state holds a significant 36 percent share of national electronics exports, establishing itself as India’s leading electronics producer. He stated that investments from innovative companies like Zetwerk reinforce the ecosystem and will support the State’s ambitious goal of scaling its annual electronics exports to ₹100 billion.
Acharya praised the new facility as the largest for Zetwerk, designed to serve as an export hub, capitalizing on Indo-US trade opportunities and enhancing India’s role in global supply chains.
In a conversation with the media, Acharya disclosed that the company plans to go public within the next 15 to 24 months, and preparatory work for this process is already underway. He emphasized that as a six-year-old company, there is no immediate pressure to pursue an IPO, since most investors typically operate on a 7 to 10-year investment horizon.
