Kaynes Tech Commits $17.7 Mn to Subsidiary—Powers Up Global Electronics Play

Kaynes Technology India Ltd has approved an investment of up to $17.7 million (~₹147 crore) in its wholly owned subsidiary, reinforcing its aggressive expansion strategy across the electronics and semiconductor value chain. The capital infusion will be deployed in phases to support capacity expansion, R&D, and global customer acquisition, particularly in the power module and embedded systems segments.

 

This move follows Kaynes’ recent acquisition of power module production assets from Fujitsu General Electronics, valued at approximately ₹85 crore, and aligns with its broader ₹6,107 crore investment roadmap to scale semiconductor capabilities in India. The subsidiary is expected to play a pivotal role in Kaynes’ OSAT (Outsourced Semiconductor Assembly and Test) ambitions, with a focus on automotive, industrial, and IoT applications.

 

The board-approved investment will also enhance the subsidiary’s ability to tap into export-linked incentives and PLI schemes, while strengthening Kaynes’ position as a design-led electronics manufacturing powerhouse.

 

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Source: Economic Times – Kaynes Technology In News