To target electronics manufacturing demands ofthe National market
Built withanInvestment commitment of US $10 Mn. and to create over 1000 employment opportunities in3 years down the line
To targetdemands of automotive, industrial, Aerospace and Defenceand Healthcare domains
Chennai, 14 November 2018: Syrma Technology Pvt Ltd, a leading Electronics System Design and Manufacturing (ESDM) Service provider based in San Jose and Chennai, today announced the launch of its latest and fifth manufacturing plant at Bawal, located in the Delhi-Mumbai industrial corridor.Built with an investment commitment of US $10 Mn.in 3 years down the line, this new plant is designed to fortify Syrma’s market position among high-demand electronic markets within India, including automotive, industrial, Aerospace& Defence, and healthcare.
The facilitybuilt in an area of 26,000 Sqft, has an initial capacity to assemble over 2,000 sq. metres of PCBs/An. in class 10k SMT clean room, whichcould be expanded up to 5 times of its present capacity in the next3 years.At its full capacity, the plant will create employment opportunities toover 1,000 people. Syrma, a part of Tandon group, has been an export-oriented business unit for over a decade.Earlier this year, the companyannounced the setting up this facility as part of its foray into the domestic market.
“With the launch of our new facility, Syrma will be positioned to gain a stronger foothold among domestic electronics manufacturing in India, for India,” said Sreeram Srinivasan, Syrma Technology CEO. “As more and more domestic tech-savvy customers crave world-class manufacturing locally, we’re excited about bringing our legacy of innovation and quality to more consumers in our home country.”
With increasing adoption of Electronics across the domains and products becoming intelligent day by day, India’s ESDM market is growing at a very healthy pace, which is estimated to reach the US $230 Bn. by 2020.
For nearly four decades, Syrma and its parent organization, Tandon Group, have ranked among India’s most prestigious electronics exporters. In last decade alone Syrma has successfully co-developed, manufactured, and shipped over 200 Mn. product units for more than 100 brand-name OEMs across the globe. Syrma’s primary industry expertise revolves around Printed Circuit Board Assembly and box builds, RFID, magnetics, memory, leading-edge IoT applications and as well as Electronics repair and rework services.