NMTronics Targets PCB Manufacturing Equipment Market with Global Partnerships
NMTronics aims to enter the PCB manufacturing equipment sector, focusing on partnerships with global tech providers. This move aligns with India's push to enhance its electronics and semiconductor manufacturing capabilities.
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NMTronics plans to expand into the printed circuit board (PCB) manufacturing ecosystem by providing equipment and expertise. The company is considering establishing a site in either Delhi NCR or Bengaluru, with an emphasis on developing specialized talent and technical capabilities.
The PCB manufacturing sector in India is noted as underdeveloped despite rising demand, with additional opportunities in semiconductor packaging and fabrication tools. NMTronics reported a 50% increase in revenue from Rs 630 crore to Rs 950 crore last year, reflecting strong demand across its segments. The company's partnership with IIT Kanpur aims to create a Centre of Excellence to foster innovation and product development over the next 3-5 years, supporting India's transition to a design-led manufacturing model.
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