Zetwerk has welcomed Vinod Kumar Dasari, former CEO of Royal Enfield, to its board of directors. With a wealth of experience in the manufacturing industry, Dasari will provide strategic guidance as the company ventures into new markets. His addition to the board, effective from July 1, is expected to accelerate Zetwerk’s growth trajectory and enhance its innovation within the contract manufacturing sector.
B2B contract manufacturing marketplace Zetwerk reportedly raised INR 100 Cr in debt funding from the likes of Edelweiss Group, along with one more fund and multiple high net-worth individuals (HNIs). A Mint report citing sources noted that the debt was raised by issuing non-convertible debentures (NCDs) with around INR 83 Cr coming from Edelweiss Credit Plus […]
Zetwerk Manufacturing and SMILE Electronics have partnered to establish three advanced IT hardware factories in India. The first facility, located in Devanahalli near Bengaluru, will feature fully automated production lines for assembling, testing, and packing IT hardware like desktops, laptops, and energy meters. Two additional factories are planned for Tamil Nadu and Andhra Pradesh. This […]
India’s semiconductor and electronics manufacturing sectors are rapidly growing but face a critical shortage of skilled workers, particularly in engineering, shop-floor management, and purchasing. While the demand for skilled labor is increasing, the industry only fills about 60% of its needs. This shortage is particularly acute among fresh graduates, prompting calls for greater collaboration between […]
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