Zetwerk expands IT hardware exports from Chennai facility

Zetwerk Electronics opened a new manufacturing facility near Chennai, focusing on IT hardware exports amid ongoing US tariff uncertainties. The plant will produce components for consumer electronics and aims to export IT hardware within a year. The company, which has expanded to over 10 manufacturing sites, plans to increase its electronics contribution from 15% to 20% of its business. Currently, 25% of its exports go to the US, with plans to explore the European market. Zetwerk's CEO noted a temporary slowdown in IT hardware orders due to tariff concerns but expects clarity soon. The company is also preparing for an initial public offering within the next 15 to 24 months.