Zetwerk Plans to Invest Rs 1,000 Cr to Expand its Electronics Division

Zetwerk, a manufacturing services company, plans to increase its production capacity for laptops, smartphones, wearables, and telecom equipment by investing about ₹1,000 crores.

It is trying to compete with other electronics manufacturing service firms in the nation and overseas markets, with a primary focus on the US, with an intense focus on competition, as reported by Livemint.

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Zetwerk intends to increase its ability from sixteen assembly lines at a single factory located in Noida, Uttar Pradesh, to sixty assembly lines spread across six manufacturing sites.

Recently it has raised USD 20 million from Rakesh Gangwal, co-founder of the airline Indigo, via Wheelhouse Venture Capital, his investment firm.

Manufacturing solutions for electronics, aerospace, defence, and renewable energy are Zetwerk's areas of expertise. Additionally, it will consider growing its line of telecom equipment goods and delivering electronic components to businesses participating in the PLI telecom programme.

About ZETWERK

ZETWERK is a universal manufacturing network powered by new-age technology. It is transforming the world of traditional manufacturing by helping customers reduce costs, optimize suppliers, and execute production faster.

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