Syrma SGS Secures ₹765 Crore Approval Under Electronics Manufacturing Scheme

In a major win for India’s electronics manufacturing ambitions, Syrma SGS Technology Ltd has secured approval under the Electronics Components Manufacturing Scheme (ECMS) for its upcoming printed circuit board (PCB) facility in Andhra Pradesh. The ₹7.65 billion project is part of the government’s push to reduce import dependency and strengthen domestic production capabilities.

Key Highlights:

- Project Investment: Syrma SGS will invest ₹7.65 billion to build one of India’s largest multi-layer PCB manufacturing units at Naidupeta, Tirupati district.

- PLI Incentives: The unit is eligible for Production Linked Incentive (PLI) benefits ranging from 4% to 10% on revenue during the benefit period, which extends until FY2031-32.

- Strategic Impact: The facility will contribute significantly to India’s goal of self-reliance in electronics, especially in high-density PCBs and copper laminates.

- Employment & Output: The ECMS-approved projects are expected to generate over 5,100 direct jobs and produce components worth ₹36,559 crore.

- Sectoral Momentum: Syrma joins six other firms approved under ECMS, with a combined investment of ₹5,532 crore across Tamil Nadu, Andhra Pradesh, and Madhya Pradesh.

This milestone positions Syrma SGS as a key player in India’s electronics value chain, aligning with the broader “Make in India” vision.

Sources: The Hindu, CNBC TV18, New Indian Express.