Expressnews
Chennai (Madras), January 24, 2025 – 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.
