The Andhra Pradesh government has cleared an incentive package worth ₹856 crore to support the establishment of India’s largest printed circuit board (PCB) facility by electronics manufacturing services (EMS) company Syrma SGS. The decision was approved by the state cabinet led by Chief Minister N. Chandrababu Naidu.
The project is a ₹1,595-crore investment between Syrma SGS and Shinhyup Electronics, Korea in a 51:49 equity shareholding basis.
The forthcoming facility will be located on 12.56 acres of land at Naidupeta industrial area, lying in the vicinity of Chennai, Tamil Nadu, and the state government has agreed to hand over the land as a 75% subsidised rate. The unit is expected to be commissioned at the end of October 2026, with revenue generation estimated at ₹6,200 crore for Syrma SGS during FY2027.
The plant will manufacture single-layer and multi-layer PCBs, HDI and flexible PCBs, Copper Clad Laminates (CCLs), and provide electronics manufacturing services.
Copper Clad Laminates form the foundation of PCBs, which are essential for a wide range of electronic devices. The unit is expected to support emerging high-growth sectors such as smart metering, healthcare and medical technology, automotive applications, and electric mobility.
Syrma SGS reported a turnover of ₹3,836 crore in FY25, running its 14 manufacturing units with more than 9,000 employees. With a market cap of nearly USD 2 billion, the company is positioned as one of the key players in India’s burgeoning electronics manufacturing landscape.
Industry observers note that electric vehicle adoption and the installation of ADAS systems continue to fuel demand for high-tech PCBs in India. According to UnivDatos, modern vehicles increasingly come equipped with smart dashboards, battery management systems, infotainment solutions, and EV power electronics, highlighting the need for rugged and high-performance PCBs.
This PCB plant is a significant step toward India’s endeavor to reduce import dependency and build up a strong electronics manufacturing base locally. By 2026, Andhra Pradesh will house a state-of-the-art unit that is not only the largest in the country but also a potential hub for next-generation electronics and EV-related technologies.
