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In this regard, the Govt. of Andhra Pradesh has vide its order dated 09 September 2025, has approved the proposals of the Company as detailed below:
• Allotment of 26.70 acres of land at Menakuru Village, Naidupeta, Andhra Pradesh, to be made available by APIIC for establishing a Manufacturing and R&D facility for single, multilayer, HDI, and Flex printed circuit boards, a Copper Clad Laminate manufacturing facility and an Electronics Manufacturing Services facility.
• Incentive packages under Andhra Pradesh Electronics Components Manufacturing Policy (4.0), 2025–30, subject to the approval of the same application from Govt. of India and the AP Electronics Manufacturing Policy 4.0 (2024- 29)
• The above proposal would involve investment of around Rs 1595 crore for all the projects together.
Syrma SGS Technology announced the signing of a Joint Venture Agreement (JVA) with Elemaster S.p.A Tecnologie Elettroniche (Elemaster), a global electronics design and manufacturing leader headquartered in Italy.
The joint venture, to be operated through Syrma SGS Design and Manufacturing (to be renamed as “Syrma SGS Elemaster”), will establish a dedicated India-focused platform to serve high-reliability customers across the railway, industrial, and medical electronics sectors. The facility will be located at Bommasandra Industrial Area, Bengaluru, with an initial footprint of ~20,000 sq. ft., configured for SMT, THT, and box-build assembly lines.
Commenting on this announcement, Sandeep Tandon, Chairman, Syrma SGS Technology said “This joint venture represents a milestone in our journey to build a global high-reliability electronics platform out of India. By combining Syrma's world-class execution with Elemaster's deep relationships with European OEMs, we are unlocking new growth vectors in rail, industrial, and medical segments. This partnership strengthens India's position as a trusted global hub for high-tech manufacturing and will deliver long-term value to our customers and stakeholders.”