IMQ Group Enters India via JV Route.

Chennai  – IMQ Group, a European leader in conformity assessment, has entered the Indian market by launching Elettra Tech Labs Pvt Ltd (referred as IMQ India). The joint venture will focus on testing and inspection services for electrical and electronic product conformity, with a special emphasis on medical devices.

A Milestone in IMQ’s International Expansion
IMQ India combines the IMQ Group’s 75 years of experience in conformity assessment with the deep market knowledge of its Indian partners. This collaboration aims to support Indian businesses in meeting rigorous quality and safety standards while enabling them to access international markets confidently.

“This JV marks a significant step in our internationalization strategy,” said Vincenzo de Martino, President and CEO of IMQ Group. “Through IMQ India, we will deliver world-class services while fostering local expertise and market growth”.

Medical Analysis Lab in Coimbatore
Speaking on the occasion, Mr. M.N. Sridhar, Director, Drugs Control and Controlling Authority, Government of Tamil Nadu, said a medical device laboratory for analysis would be established in Coimbatore soon. To be created at a cost of Rs. 29.67 crore, with a 60:40 share from the Centre and State Governments, the lab will ensure safety and efficiency of medical devices and products, and generate jobs for analysts. The government will conduct training programmes for drug inspectors to upgrade their skills, Mr. Sridhar added.

Leadership Team
The leadership of IMQ India is helmed by Stefano Ferretti, CEO, Kiran Raju Narayan, COO and Sarvanan Ramamurthy, CTO. Together, they bring a blend of global expertise and local insights to drive the company’s vision forward.

Focus on Medical Devices and Key Market Potential
IMQ India will initially prioritize the dynamic medical device sector, where Indian exports exceeded INR 90 billion in 2023. The company also plans to expand its focus to other sectors, leveraging its investments in advanced testing technologies.

Strategic Role in a Growing Market
India’s robust economic growth, bolstered by initiatives like the Production Linked Incentive (PLI) Scheme, positions it as a key global player in electronics and medical devices. IMQ India’s launch aligns with the nation’s drive for innovation and sustainability, contributing to the development of a skilled workforce and advanced industrial capabilities.

“IMQ India is the result of a strategic vision that combines the IMQ technical expertise with the deep market knowledge of our Indian team” commented Stefano Ferretti, CEO of IMQ India.

Strengthening the Global Network
With IMQ India, IMQ Group enhances its global footprint, joining existing hubs in China, the UAE, Turkey, Poland, Germany, the UK and Spain.

“This launch not only strengthens our laboratory network but also empowers Indian businesses to access global markets confidently” said Fulvio Giorgi, CEO of IMQ.

IMQ India stands as a bridge between Italy and India, supporting technological innovation, energy transition, and infrastructure modernization for a sustainable future.