New Launch28 Oct 2025, 04:41 pm
Syrma SGS Technology Subsidiary Gets ECMS Approval for INR 765 Cr. PCB Manufacturing Project
AI Summary
Syrma SGS Technology Ltd. announced that its subsidiary, Syrma Strategic Electronics Private Limited (SSEPL), has received approval from Engineer India Limited, acting as Project Management Agency (PMA) on behalf of Ministry of Electronics and Information Technology (MeitY), for an incentive package under the Electronic Components Manufacturing Scheme (ECMS). The project, located in Naidupeta, Andhra Pradesh, is for Bare Components and Multi-Layer Printed Circuit Board (PCB) manufacturing, with a cumulative investment of INR 765 Cr. The incentive period is six years, from FY 2026-27 to FY 2031-32. SSEPL is expected to receive a PLI benefit ranging between 4% to 10% on its revenue during the benefit period till FY2031-32.
Key Highlights
- Syrma SGS Technology subsidiary receives ECMS approval for INR 765 Cr. PCB manufacturing project
- Project located in Naidupeta, Andhra Pradesh
- Product Category: Bare Components and Multi-Layer Printed Circuit Board (PCB)
- Incentive period: Six years (FY 2026-27 to FY 2031-32)
- Expected cumulative investment: INR 765 Cr., PLI benefit ranging between 4% to 10% on its revenue