ENA State 2023-08-25 16:36:55 <p><span style="font-size:14px"><strong>Bengaluru, Aug 25 (KNN)</strong> The Karnataka government has entered into an agreement with the Kaynes Technology India to promote electronics manufacturing in state.</span></p> <p><span style="font-size:14px">This collaboration positions Kaynes Technology as the anchor of the Electronics System Design and Manufacturing (ESDM) Semiconductor ecosystem in Mysuru.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The agreement is aimed at elevating Mysurus global presence in the tech arena. The MoU is set to propel Karnataka to the forefront of OSAT and PCB manufacturing, with a substantial investment of Rs 3,750 crore, creating approximately 3,200 job opportunities. </span></p> <p><span style="font-size:14px">Under this agreement, Kaynes Semicon Private Limited will lead the establishment of a Semiconductor Assembly and testing (OSAT) facility. At the same time, Kaynes Circuits India Private Limited will spearhead the setup of a Printed Circuit Board (PCB) manufacturing plant specialising in complex multi-layered boards. </span></p> <p><span style="font-size:14px">The companys shares were up by 7.75 per cent after the company reported a partnership with the Karnataka Electronics, IT, and BT Departments, reported The Hindu Businessline. <em><strong>(KNN Bureau)</strong></em></span></p> 34579 https://knnindia.co.in/news/newsdetails/state/karnataka-govt-inks-mou-with-kaynes-to-boost-electronic-manufacturing-in-state 2023-08-25 16:36:55 knnindia.co.in