Wipro Electronics will begin operations at its Rs 500 crore Printed Circuit Board (PCB) manufacturing unit in Doddaballapura, Bengaluru North, in nine months, the company’s Chief Executive Officer Neeraj Pandit said on November 19.
Construction of the plant would be completed in six months, after which production would begin within nine months, Pandit announced at the 28th edition of the Bengaluru Tech Summit.
This is an important development since PCB production in India remains low, with the domestic market estimated at $600 million and nearly 85 percent of demand being met through imports.
PCB is the familiar green coloured circuit panel inside every electronic device, which is currently valued at around $280 billion and is projected to exceed $2 trillion by 2030.
Gagan Bansal, Head of Marketing at TDK India, a company specialising in electronic components and devices, said India still lacks a robust domestic ecosystem for PCB design and manufacturing.
Much of the design and component manufacturing continues to be outsourced, he added.
Wipro's electronics business is a separate entity from the IT-focused Wipro Limited, which was formed in 2013 through the demerger of Wipro Limited's non-IT businesses.
Other Announcements at Bengaluru Tech Summit
On the sidelines of the Summit 2025, the information technology minister, Priyank Kharge, announced a series of initiatives.
Also, read: Karnataka bets big: A second airport, AI city and Rs 1.5 lakh crore overhaul for Bengaluru's future
Several Letters of Intent (LoI) and Memorandum of Understanding (MoU), including ELEVATE Next for Deeptech and ELEVATE Beyond Bengaluru, were signed.
“LEAP is a five-year, Rs 1,000 crore initiative, designed to strengthen emerging clusters outside Bengaluru by providing access to infrastructure, funding, and sector-specific support, while reinforcing Karnataka’s leadership in advanced and disruptive technologies,” Kharge said at the summit.
Also, read: In a first, Karnataka to roll out AI-ready personal computer KEO
He announced that a series of LoIs worth Rs 2,600 crores were signed with leading innovators and enterprises that have committed significant investments to Karnataka. These LoIs, which will result in about 3,500 direct and indirect jobs, were signed across the semiconductor, electric vehicle battery, and biotech sectors.
As part of these flagship programs, 40 start-ups under Elevate Next (Deeptech) will receive grants ranging from Rs 50 lakhs to Rs 1 crore, while 50 start-ups under Elevate Beyond Bengaluru will be supported with grants of up to Rs 50 lakhs.
Karnataka will also launch a deep tech fund with Rs 663 crore from the government, and about Rs 443 crore will be brought in by venture capital firms.
The initiative marks the first time the state is partnering directly with private venture capital (VCs) to co-invest in early-stage deep.
Also, read: Karnataka govt spending over Rs 1 lakh cr to improve infrastructure in Bengaluru city: Shivakumar
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