Syrma SGS Technology is in early-stage discussions to establish a printed circuit board (PCB) and copper clad laminate (CCL) manufacturing facility in Andhra Pradesh, potentially in collaboration with South Korea’s Shinhyup Electronics. While media reports have indicated a proposed investment of INR 18 billion, Syrma SGS has not confirmed this figure and clarified in a filing to the stock exchanges that no binding agreements have been signed.
The proposed facility is expected to be located in Naidupeta, near Tirupati, and would feature an integrated manufacturing setup, including backward integration for CCL production and a research and development centre. If executed, the unit would supply PCBs for sectors such as smart metering, medical devices, automotive electronics, and electric mobility.
The company stated that it is exploring strategic collaborations with global partners and has applied for approval under the government’s production-linked incentive (PLI) scheme for components. Discussions are also underway with the Andhra Pradesh government regarding potential incentives, including capital subsidies, electricity duty waivers, and skilling support. However, these discussions remain preliminary.
Syrma SGS Technology, headquartered in Chennai, offers electronics manufacturing services across sectors including automotive, healthcare, industrial, and consumer electronics. Shinhyup Electronics is engaged in the production of PCBs used in automotive, IT, home appliances, and medical equipment.