Joint Venture10 Sept 2025, 01:31 pm
Syrma SGS Technology Ltd Secures Land and Subsidy for Joint Venture with Shinhyup Electronics
AI Summary
Syrma SGS Technology Limited has received approval from the Government of Andhra Pradesh for a Joint Venture Agreement with Shinhyup Electronics Co. Limited, South Korea. The approval includes allotment of 26.70 acres of land at Menakuru Village, Naidupeta, Andhra Pradesh, for establishing a Manufacturing and R&D facility for single, multilayer, HDI, and Flex printed circuit boards, a Copper Clad Laminate manufacturing facility and an Electronics Manufacturing Services facility. The project involves an investment of around INR 1595 crores and is eligible for early-bird incentives and subsidy of 75% land cost under AP Electronics Components Manufacturing Policy 4.0 (2025 - 30).
Key Highlights
- Approval for allotment of 26.70 acres of land for setting up PCB, CCL and EMS plants in Menakuru Village, Naidupeta, Andhra Pradesh.
- Eligibility for early-bird incentives and subsidy of 75% land cost under AP Electronics Components Manufacturing Policy 4.0 (2025 - 30).
- Proposed investment of INR 1,595 Crores.
- Partnership with Shinhyup Electronics Co. Limited, South Korea.
- Establishment of a Manufacturing and R&D facility for single, multilayer, HDI, and Flex printed circuit boards, a Copper Clad Laminate manufacturing facility and an Electronics Manufacturing Services facility.