With PLI guidance and global tie-ups, Zetwerk prepares to expand into making complex electronics components across India, as well as East Asia.
Zetwerk plans to invest between ₹5 billion and ₹8 billion to expand into electronics components manufacturing, including printed circuit boards (PCBs), enclosures, and electromechanical parts such as heat sinks and sensors.
This move represents the Bengaluru-based company’s latest effort to strengthen its position within India’s growing electronics value chain. Currently, it operates electronics manufacturing plants in Uttar Pradesh, Haryana, Tamil Nadu, and Karnataka. However, the infrastructure demands of PCB production have prompted the company to consider setting up new facilities.
As part of its expansion strategy, Zetwerk has reportedly signed an agreement with a Taiwanese partner for PCB manufacturing and is in discussions with a South Korean firm.
The company is also exploring potential collaborations with Chinese companies specialising in niche PCB technologies, subject to regulatory clearance.
To support its application under the central government’s production-linked incentive (PLI) scheme for components, Zetwerk has engaged one of the Big Four consulting firms (Deloitte, PwC, EY, and KPMG), co-founder Rahul Sharma told The Economic Times.
He added that PCB manufacturing would require new infrastructure due to technical needs such as polishing control and advanced power management, which cannot be met by the company’s current facilities.
Sharma further noted that recent policy changes suggest a more pragmatic approach towards minority partnerships with Chinese firms.
In addition to PCBs, Zetwerk is expanding its enclosures business through a partnership with an Indian company. These components are expected to cater primarily to laptops and non-Apple mobile devices.
Along these developments, the company is evaluating potential sites for new manufacturing units and is in discussions with several state governments. However, no final decisions have been announced regarding plant locations.
As of now the timeframe for the expansion remains unspecified, Zetwerk has confirmed ET that it is actively working on its investment strategy and continues to explore the required partnerships and infrastructure plans.
