Andhra Pradesh to host India's largest Printed Circuit Board (PCB) unit as Syrma SGS, Shinhyup join hands
- IBEF
- July 9, 2025
In a significant boost to India’s electronics supply chain, Chennai-based Syrma SGS Technology is planning to establish the country’s largest multi-layer Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) manufacturing facility at Naidupeta in Andhra Pradesh. The company intends to invest Rs. 1,800 crore (US$ 210.1 million) in the project, partnering with South Korean firm Shinhyup Electronics Ltd for technology and marketing support. Discussions are at an advanced stage, with the Andhra Pradesh cabinet expected to approve the proposal shortly. Syrma SGS is likely to apply for production-linked incentives (PLI) under the Government of India’s electronics manufacturing schemes, along with seeking capital subsidies, electricity duty concessions, and skilling incentives from the state government. The facility is anticipated to be operational by 2026–27.
PCBs form the backbone of most electronic devices, serving as platforms for mounting and connecting components, while CCL is the foundational raw material for PCB production. The new facility will cater to emerging sectors such as smart metering, healthcare devices, automotive electronics, and electric mobility. This initiative aligns with the central government’s Electronics Component Manufacturing Scheme, funded at Rs. 22,919 crore (US$ 2.68 billion), aimed at making India Atmanirbhar in electronics. Market intelligence firm UnivDatos notes that rapid vehicle electrification and advanced driver-assistance systems (ADAS) are driving PCB demand in the Indian automotive industry. The project could add Rs. 6,200 crore (US$ 723.7 million) to Syrma SGS’s topline, with Shinhyup Electronics playing a key role. The company also plans to develop a research and development centre to innovate new engineering solutions. The South Indian region, with major electronics clusters in Bengaluru, Chennai, and Hyderabad, remains the hub of PCB demand, projected to grow at a compound annual growth rate (CAGR) of 16.40% from 2025 to 2033
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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