ENA Sectors 2025-09-24 17:59:04 <p><span style="font-size:14px"><strong>New Delhi, Sep 24 (KNN) </strong>Chennai-based electronics manufacturer Syrma SGS Technology Limited has formed a strategic joint venture (JV) with South Koreas Shinhyup Electronics, valued at INR 1,800 crore.</span></p> <p><span style="font-size:14px">The partnership aims to strengthen Indias high-end electronics manufacturing capabilities by combining Syrma SGS domestic expertise with Shinhyups advanced technology and marketing support.</span></p> <p><span style="font-size:14px">The JV, named Syrma SGS Electronics Private Limited (SSEPL), has received approval from the Andhra Pradesh government. A 26.70-acre site in Menakuru village, near Naidupeta town, has been allotted for the project, which involves a total investment of INR 1,595 crore.</span></p> <p><span style="font-size:14px">Under the states Electronics Components Manufacturing and Supply (ECMS) Policy 2025 30, SSEPL will invest Rs 1,076 crore to establish a manufacturing and R&amp;D facility.</span></p> <p><span style="font-size:14px">The project also qualifies for early-bird incentives, including a 75 percent land subsidy from the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), pending Union Ministry of Electronics and IT approval.</span></p> <p><span style="font-size:14px">This JV will create Indias first integrated facility for multi-layer Printed Circuit Boards (PCBs) and Copper Clad Laminates (CCLs) at Naidupeta.</span></p> <p><span style="font-size:14px">Once operational, expected by 2026-27, it is projected to reduce Indias import dependence for critical electronic components, support indigenous innovation, and boost domestic manufacturing.</span></p> <p><span style="font-size:14px">The development further strengthens Syrma SGS position in Indias electronics sector and aligns with the Make in India and Atmanirbhar Bharat initiatives, reflecting the governments push for self-reliance in strategic industries.</span></p> <p><span style="font-size:14px">Argus Partners advised Syrma SGS Technology Limited on this JV, with a team led by partners Abhinav Bhalaik and Aayush Kumar, supported by associate Vishakha Somani.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43614 https://knnindia.co.in/news/newsdetails/sectors/syrma-sgs-forms-jv-with-south-korean-shinhyup-to-make-multi-layer-pcbs-copper-clad-laminates-ccls-in-ap 2025-09-24 17:59:04 knnindia.co.in