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Syrma makes bullish bet on Indian PCB market

Business Standard

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August 11, 2025

Early this month, Chennai-based electronics manufacturing services (EMS) player Syrma SGS Technology made headlines with its plan to set up India's largest multi-layer printed circuit board (PCB) unit in Andhra Pradesh.

This development is significant, as PCBs are essential components in most electronic devices, serving as the foundation for mounting electronic parts. The company's Managing Director JS Gujral, in a video interview with Shine Jacob, discusses the company's expansion plans and shares insights on the future of the electronics industry. Edited excerpts:

What is the status of your planned ₹1,800 crore investment in Andhra Pradesh for the largest PCB and copper-clad laminate (CCL) unit?

The deal has been signed. The starting point of the project will be the approval of the production-linked incentive (PLI) application, which we have already filed with the Centre. The scheme is expected to be closed on July 31. Once we get the approval, the state government incentives will also fall in place without further appraisal.

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