Zen Technologies Ltd to expand operations with new R&D and manufacturing facility at GOa

Zen Technologies Limited, a leader in Military Training Solutions and Counter-Drone Technologies, has announced its plan to expand its operations with a new state-of-the-art Research and Development (R&D) and manufacturing facility in Goa, India.

This strategic expansion underscores Zen Technologies' commitment to innovation and excellence in the defence technology sector. The new facility, to be set up at the Electronic Manufacturing Cluster (EMC) Tuem, Goa, represents an investment of up to ₹50 crores and is expected to create employment opportunities for approximately 800 individuals. This move aligns with the company's vision to enhance its manufacturing capabilities, particularly in cutting-edge simulators and drone-related technologies.

Fostering Local Talent and Growth

Zen Technologies is dedicated to fostering local talent and growth. In this endeavour, the company plans to collaborate with Engineering, Diploma, and ITI colleges in Goa to drive skill development programmes. This initiative is aimed at maximising local hiring and empowering the Goan workforce with advanced technological skills.

Strengthening the Goan MSME Sector

The new facility will serve as an anchor unit for the EMC, with plans to develop and source sub-assemblies from Goan Micro, Small & Medium Enterprises (MSMEs). This symbiotic relationship is expected to boost the local economy and contribute to the overall development of the region.

Global Aspirations from a Local Base

With the planned establishment of this facility in Goa, Zen Technologies will broaden its manufacturing base, affirming its commitment to expansion. The facility will serve as an operational hub, supporting both domestic and a measured expansion of export business.

In light of the strong demand visibility and to mitigate geographical risk, Zen Technologies has decided to proceed with this expansion. This strategic development will not only fortify the Company's manufacturing presence but also diversify its operational landscape, underlining a proactive approach to business growth and resilience.

Shares of Zen Technologies Limited was last trading in BSE at Rs. 759.60 as compared to the previous close of Rs. 754.20. The total number of shares traded during the day was 16561 in over 1092 trades.

The stock hit an intraday high of Rs. 765.95 and intraday low of 738.50. The net turnover during the day was Rs. 12455069.00.

Source : Equity Bulls

Keywords

ZenTechnologies INE251B01027 Defence Operations Expansion Goa