NEW DELHI – Zetwerk has announced a Rs1,000 crore ($119.6 million) investment to ramp up its electronics manufacturing capacity.

The company currently produces one device per second from its Noida factory in India's Uttar Pradesh, and plans to expand from 16 assembly lines to 60 lines across six manufacturing facilities. The expansion will enable Zetwerk to cater to major multinational corporations and original equipment manufacturers (OEMs) in the computer devices segment through its Bangalore facility, the company said.

The company will manufacture motherboards, desktop PC power supplies and other electronic components, and said it aims to become a leading original design manufacturer and electronics manufacturing services provider. "Zetwerk views India's electronics manufacturing sector as experiencing a transformative shift, akin to a Y2K moment, that will propel the nation towards a flourishing 'Viksit Bharat' (developed India)," said Josh Foulger, president of Zetwerk Electronics.