The Andhra Pradesh government has approved a Rs 856- crore incentive package for electronics manufacturing company (EMS) Syrma SGS for a mega printed circuit board plant.
Chief minister N Chandrababu Naidu’s cabinet on September 4 approved the investment proposal of Syrma SGS to build India’s largest printed circuit board (PCB) plant, a state government official privy to the development told Moneycontrol.
“For this, the AP government will provide 12.56 acres of land at 75 percent subsidised cost. The project location will be the Naidupeta industrial area, which is in close proximity to Chennai, Tamil Nadu,” the official said.
The project would be commissioned by October 2026 and is expected to add Rs 6,200 crore to the topline of Syrma SGS in FY 2027.
The factory would be divided into three projects –single layer and multi-layer PCB manufacturing and HDI/flex PCB manufacturing; copper clad laminate (CCL) manufacturing and electronics manufacturing services.
Syrma SGS will invest of Rs 1,595 crore and the plant will be built in partnership with Korea’s n Shinhyup Electronics. The partnership will be on a 51-49 equity shareholding basis, the project proposal submitted by Syrma SGS to the AP government has said.
With a turnover of Rs 3,836 crore in FY25, Syrma SGS has a market cap of close to $2 billion. It has 14 manufacturing facilities and at least 9,000 employees.
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