Diversifying its manufacturing portfolio, Polymatech Electronics has secured land in Tamil Nadu to set up a Rs. 550 crore medical devices facility.

The planned unit will focus on precision healthcare components, a segment seeing increased domestic demand amid import substitution efforts.

This marks a strategic shift for the company as it looks to leverage its expertise in advanced electronics for the healthcare sector.

Tamil Nadu’s strong electronics ecosystem and supply chain depth continue to attract such high-value manufacturing investments.

Project development is expected to begin after final approvals and site preparation.