Syrma SGS & Kaga Electronics Form JV for EMS Facility

Syrma SGS Technology Ltd has entered into an agreement with Kaga Electronics India Private Limited to establish a joint venture (JV). This JV will develop and operate a state-of-the-art EMS manufacturing facility in India, specifically targeting Japanese clients. Syrma SGS will hold up to 60% ownership in the JV Company (JVCo), while Kaga will hold up to 40%. The initial investment from Syrma SGS is approximately INR 15 Cr, and from Kaga is INR 10 Cr. The JVCo's board will have an equal representation of directors from both companies. The transaction is subject to customary closing conditions.