Joint Venture2 Sept 2025, 05:32 am
Syrma SGS and Elemaster Announce Strategic Joint Venture to Strengthen High-Reliability Electronics Manufacturing in India
AI Summary
Syrma SGS Technology Limited, a leading Indian electronics systems design and manufacturing company, and Elemaster S.p.A Tecnologie Elettroniche, a global electronics design and manufacturing leader headquartered in Italy, have announced a strategic joint venture. The joint venture, to be operated through Syrma SGS Design and Manufacturing Private Limited, will establish a dedicated India-focused platform to serve high-reliability customers across the railway, industrial, and medical electronics sectors. The facility will be located at Bommasandra Industrial Area, Bengaluru, with an initial footprint of ~20,000 sq. ft., configured for SMT, THT, and box-build assembly lines.
Key Highlights
- The joint venture will establish a dedicated India-focused platform to serve high-reliability customers across the railway, industrial, and medical electronics sectors.
- The facility will be located at Bommasandra Industrial Area, Bengaluru, with an initial footprint of ~20,000 sq. ft.
- The partnership combines Syrma’s scaled and cost-efficient execution with Elemaster’s deep design expertise and long-standing trust with European OEMs.
- The JV will unlock margin-accretive opportunities, increase share-of-wallet with global accounts, and further embed ‘Make in India’ solutions into critical, high-growth end-markets.
- The joint venture represents a milestone in Syrma SGS’s journey to build a global high-reliability electronics platform out of India.