Gujarat: Aimtron Electronics Limited, one of India’s fastest-growing Electronics System Design and Manufacturing (ESDM) companies, today announced that it has received an order of 50,000 Industrial Internet of Things (IIoT) and Artificial Intelligence (AI) devices from Vanix Technologies under the Memorandum of Understanding (MoU) signed in December 2024. Over the next five years, Aimtron will manufacture between 250,000 and 2 million IoT devices, supporting India’s electronics self-reliance and accelerating the adoption of smart manufacturing solutions.
This initial order not only strengthens Aimtron’s growth pipeline but is also expected to create more new job opportunities as the company scales up production to meet delivery timelines. Production of the first batch will begin in October 2025 and is expected to be completed before the end of the year 2025.
Mukesh Vasani, Founder & Chairman, Aimtron Electronics Ltd. said, “This partnership with Vanix Technologies further solidifies Aimtron’s position as a trusted partner in the ESDM sector, aligning with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. Together, we aim to bring cutting-edge IIoT and AI devices to market while contributing to India’s vision of becoming a global electronics manufacturing hub.”
Dr Ashwani Rana, Chief Executive Officer, Vanix Technologies, said, “This partnership is our testament to align with next-generation technology demands while creating scalable, world-class solutions. By combining Aimtron’s manufacturing expertise with our innovation, we are addressing India’s growing digital infrastructure needs and positioning ourselves as a global leader in the IIoT space.”
India’s Industrial Internet of Things (IIoT) market is projected to reach $7.12 billion in 2025, with significant growth continuing at a CAGR of 21.18% from 2025-2029, reaching $15.35 billion by 2029. Aimtron Electronics has been steadily expanding its footprint in the domestic and international markets with its end-to-end ESDM solutions, ranging from circuit design to complete system assembly.