The manufacturing facility of Delvitech will nestle in Velankani Technology Park, representing a further confirmation of the strategic importance of India in Delvitech’s development plans.
Vasanth Kumar, COO of DelvitechAl Vision Systems India Pvt Ltd and Roberto Gatti, CEO of Delvitech SA, announced the beginning of automated optical inspection systems manufacturing in India, marking a significant milestone in the company’s expansion strategy.
This achievement underscores the fruitful collaboration between Delvitech and the Velankani Group, which has provided a 13,000 square feet space located inside Velankani Technology Park required for manufacturing optical inspection systems.
The prestigious Velankani Technology Park, a sprawling 23-acre, zero-emission campus nestled in Electronics City, Bengaluru, has been a foundation ground for DelvitechAI Vision Systems India Pvt Ltd since February 2022 and now has expanded to nationwide production operations.
This partnership reflects India’s pivotal role in Delvitech’s strategic growth initiatives and underscores the sustainable nature of this choice.
The Asia Pacific region has witnessed a remarkable surge in its significance in the automated optical inspection systems market, claiming a market share of nearly 50 percent in 2019. This dominance is poised to persist, with an estimated average industry Compound Annual Growth Rate (CAGR) of 19.5 percent between 2022 and 2032. Furthermore, the escalating demand for electronics in nations like India has propelled growth in the electronic components sector, further underscoring India’s importance in Delvitech’s expansion roadmap.