PCB design software firm Altium expects four-fold growth in India over the next twelve months, driven by key areas including AI, electric vehicles (EV), and the medical sector. With Bengaluru as the centre of electronics innovation in India, Altium will expand its investment in electronics product development, as well as the education of India’s next generation of electronics innovators.

The company will cover key areas such as education, pre- and post-sales, tech support, operations teams, and partnerships. The company has also partnered up with leading institutes including IIT (Chennai, Mumbai, and Delhi), PES University (Bengaluru), Chandigarh University, and NIT as a part of its education program. Altium supports the ‘Make in India’ program, and provides software tools which connect PCB designers, part suppliers, and manufacturers in the manufacturing of electronic products. In February, Japanese semiconductor firm Renesas also announced its plans to acquire Altium for USD six billion.

Investment in India is an essential part of its global and industry-wide growth strategy, even as the electronics sector is anticipated to be a USD 300 billion industry by 2026 in India. The company plans to have its cloud platform Altium 365 hosted in the region in the second half of 2024.