Kaynes Circuits India Private Limited Signs MOU with Tamil Nadu Government for Rs. 4,995 Crore Investment

Kaynes Circuits India Private Limited, a wholly owned subsidiary of Kaynes Technology India Limited, has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for investment promotion and facilitation. The company plans to invest approximately Rs. 4,995 crores over a period of 6 years for the establishment of manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu. The MoU is intended to explore the financial incentives and industrial policies available under the Government of Tamil Nadu, as well as any structured assistance packages that may support the proposed investment through subsidies and other financial benefits. The Government of Tamil Nadu has agreed to provide necessary facilitation and support, including assistance with infrastructure and regulatory clearances, in line with applicable laws and policies.