Zen Technologies announces Rs 50cr investment in new R&D facility in Goa
Zen Technologies Limited, a prominent player in Military Training Solutions and Counter-Drone Technologies, has unveiled plans for a significant expansion in Goa, India. The company is set to invest up to ₹50 crores in a state-of-the-art Research and Development (R&D) and manufacturing facility. This strategic move highlights Zen Technologies’ commitment to innovation in the defence technology sector.
Boosting Employment and Local Economy
Located at the Electronic Manufacturing Cluster (EMC) Tuem in Goa, the new facility is poised to generate approximately 800 job opportunities. This expansion aligns with Zen Technologies’ vision to enhance its manufacturing capabilities, focusing on advanced simulators and drone-related technologies.
Fostering Talent and Skill Development
In its dedication to fostering local talent, Zen Technologies plans to collaborate with local Engineering, Diploma, and ITI colleges in Goa. This initiative aims to drive skill development programs, maximizing local hiring and equipping the Goan workforce with cutting-edge technological skills.
Zen Technologies to Expand Defence Tech Operations with Goa Manufacturing Unit
Strengthening Goan MSMEs
The new facility is set to act as an anchor unit for the EMC, intending to develop and source sub-assemblies from Goan Micro, Small & Medium Enterprises (MSMEs). This synergistic approach is anticipated to boost the local economy and contribute to the region’s overall development.
Zen Technologies’ Global Aspirations from a Local Base
With the establishment of this facility in Goa, Zen Technologies is broadening its manufacturing base and reaffirming its commitment to expansion. The facility is planned to be an operational hub, supporting both domestic operations and gradual expansion into export markets.
Strategic Development amid Growing Demand
Responding to strong demand visibility and aiming to mitigate geographical risks, Zen Technologies has decided to proceed with this expansion. This strategic development is expected to strengthen the company’s manufacturing presence and diversify its operational landscape, emphasizing a proactive approach to business growth and resilience.