The Andhra Pradesh government has cleared a Rs 8.56 billion incentive package for India’s largest printed circuit board (PCB) plant, to be set up by electronics manufacturing company Syrma SGS.
The state cabinet approved the package for the project, which involves an investment of Rs 15.95 billion and is being developed in partnership with Korea’s Shinhyup Electronics. The facility will be established on a 51:49 equity shareholding basis between Syrma SGS and Shinhyup Electronics Limited.
As part of the support, the state will provide 12.56 acres of land at 75 per cent subsidised cost. The project will be located at Naidupeta industrial area, close to Chennai in Tamil Nadu. Scheduled for commissioning by October 2026, the plant is expected to contribute Rs 62 billion to Syrma SGS’s topline in 2026-27. The facility will focus on three areas: single-layer and multi-layer PCB manufacturing, HDI/flex PCB manufacturing, copper clad laminate (CCL) production, and electronics manufacturing services.
