SFO technologies plans to set up a plant in Theni, Tamil Nadu with an investment of Rs. 2,270 crore for manufacturing printed circuit boards (PCBs) and other components for the electronics industry, a senior executive at the Kochi-based company said.
An unnamed senior level source from the company revealed that the the flagship company of the NeST Group, is expected to sign a memorandum of understanding on the project with the Tamil Nadu government at the TN Rising Conclave in Madurai on Sunday.
PCBs are used in nearly all modern consumer electronic devices and accessories, including phones, tablets, smartwatches, wireless chargers, and power supplies. At the proposed plant in Theni, the company is also considering manufacturing components like composites, connectors, relays and optical transceivers.
SFO has expressed a demand for 60 acre of land piece to begin manufacturing facilities at the unit in the next two years, scaling it to its full capacity in the next six years
The source said the company is considering Theni for the project also because of its wind energy potential. The plant could possibly meet its power demand through renewable sources of energy, he said.
The company’s plan is to start with PCBs in Theni, the executive said. “As part of our proposal, we have also requested for some land towards Krishnagiri, for a plant that will be intended for connectors,” he said.
