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Kaynes, six others plan investment in Mysuru’s electronics cluster
Economic Times
·
1y ago
Medial
The Government of Karnataka has earmarked 235.5 acres in Mysuru district for establishing an electronics manufacturing cluster (EMC) at a cost of Rs 245.67 crore. The cluster aims to promote semiconductor manufacturing, complementing Bengaluru's role as the country's design hub. Several companies, including Kaynes Technology India and Gopalan Aerospace, have expressed interest in investing in the EMC. The project is awaiting approval from the Ministry of Electronics and Information Technology (MeitY), and the state has requested production-linked incentives and fiscal support from MeitY. The location offers advantages in terms of connectivity and logistics, with proximity to airports, seaports, and inland container depots.
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Mysuru’s Kaynes to make 3,000 RUDRA servers for govt’s CDAC
Economic Times
·
1y ago
Medial
Kaynes Technology, an integrated electronics manufacturer in Mysuru, has been awarded a contract by the Centre for Development of Advanced Computing (CDAC) to manufacture 3,000 RUDRA high-performance computing (HPC) servers. These servers will be part of the National Supercomputing Mission (NSM) and will be used in sectors like data centres, banking, healthcare, and manufacturing. Traditionally, servers in India have been imported, but this contract signifies a move towards indigenous manufacturing. Kaynes Technology plans to start manufacturing the servers in the next 20 weeks.
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Kaynes looks to open Rs 4,995 crore components making unit in Tamil Nadu - The Economic Times
Economic Times
·
4d ago
Medial
Kaynes Circuits India plans to invest ₹4,995 crore in an advanced electronic components manufacturing facility in Thoothukudi, Tamil Nadu, marking the state's first large-scale PCB manufacturing initiative. This move aims to establish an electronics manufacturing cluster in Thoothukudi, creating approximately 4,700 jobs and strengthening the electronics manufacturing ecosystem beyond assembly to high-end component production. The facility will boost Thoothukudi's potential as a hub for both automotive and electronic manufacturing, integrating with nearby EV production efforts.
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Can Kaynes Supercharge India’s Chip Manufacturing Ambitions?
Inc42
·
9m ago
Medial
Kaynes Semicon is looking to capitalize on the booming semiconductor industry by providing chips for various sectors, including automotive, consumer electronics, and telecom. The company has already signed letters of intent with four clients and has six more in the works. With an upcoming plant, Kaynes Semicon aims to produce 100 million semiconductor packages within the next one to two years.
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Govt approves Rs 417 crore electronics manufacturing cluster in UP; set to create 15,000 jobs - The Economic Times
Economic Times
·
1m ago
Medial
The government has approved a Rs 417 crore electronics manufacturing cluster (EMC 2.0) in Gautam Buddha Nagar, Uttar Pradesh, expected to attract Rs 2,500 crore in investment and create 15,000 jobs. The cluster will support the manufacturing of consumer electronics, automotive and industrial electronics, and more. Located strategically along major expressways and close to key transport hubs, it will offer world-class infrastructure for startups and MSMEs, aiming to boost local manufacturing and innovation.
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Kaynes Technologies inaugurates EMS facility in Hyderabad
Economic Times
·
11m ago
Medial
Kaynes Technologies has opened an advanced electronics unit near Hyderabad, focusing on smart meters and electronics manufacturing. The facility will initially serve Brightgrid as its first customer but aims to attract multiple customers. The plant is equipped with cutting-edge manufacturing technologies and will cater to various sectors including industrial, automotive, medical electronics, aerospace, and telecommunications. Kaynes Technology offers end-to-end electronics system design and manufacturing solutions, ranging from design and prototyping to turnkey manufacturing and support. The company is awaiting approval to set up an advanced OSAT unit, with potential locations in Gujarat and Telangana.
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Union Cabinet approves Kaynes Semicon's Gujarat chip unit proposal
Economic Times
·
11m ago
Medial
The Union Cabinet has approved Kaynes Semicon Pvt Ltd's proposal to establish a semiconductor unit in Sanand, Gujarat. Initially planning to set up in Telangana, Kaynes will now invest ₹3,300 crore in Gujarat. The unit will produce chips for industrial, automotive, consumer electronics, telecom, mobile phones, and electric vehicles. This move is part of a larger effort to develop a strong semiconductor ecosystem, with three other units already approved for construction in Gujarat and Assam, amounting to an investment of approximately ₹1.5 lakh crore and a combined capacity of seven crore chips per day.
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Kaynes Buys Land In Gujarat To Build Chip Plant, Eyes Investment Of INR 5,000 Cr
Inc42
·
11m ago
Medial
Electronics manufacturer Kaynes Technology has purchased land in Gujarat's Sanand to establish an outsourced semiconductor assembly and test (OSAT) unit. The company plans to invest INR 5,000 crore ($596 million) in its chip project. Kaynes will continue to operate its Telangana unit, maintaining a couple of chip assembly lines there, while the advanced chip assembly and test project will operate from Gujarat.
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Kaynes Semicon opens chip design centre in Oman with its IT ministry
Economic Times
·
2m ago
Medial
Kaynes Semicon, a subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, Oman, in partnership with Oman’s IT and labour ministries. The centre will train 80-100 students annually in advanced VLSI technologies, enhancing their skills in semiconductor design. The initiative, funded by the Oman government, aims to boost international semiconductor ecosystems. This follows Kaynes' plans to set up a semiconductor assembly facility in India, approved with a significant investment.
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Electronics makers shop for cos to tap western clients
Economic Times
·
10d ago
Medial
Indian electronics manufacturers are acquiring or partnering with companies abroad to access Western clients amid tariff uncertainties, aiming to strengthen supply chains beyond China. Firms like Amber, Dixon Technologies, Syrma SGS, and Kaynes are making strategic global moves to acquire new technologies and clients, particularly in defense and electronics. These efforts align with India's push for self-reliance in electronics manufacturing. However, frequent acquisitions are raising investor concerns about capital allocation and deferred returns.
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Electronics sector poised to become world's largest manufacturing sector: MeitY
Economic Times
·
4m ago
Medial
The electronics industry is set to become the largest global manufacturing sector, driven by India's efforts and particularly Tamil Nadu's burgeoning electronics manufacturing cluster. MeitY Secretary S Krishnan highlighted that achieving the ambitious target of USD 500 billion in annual electronics manufacturing necessitates substantial contributions from Tamil Nadu. With its high-quality human resources and increasing investments, the region is attracting major electronics manufacturers. The inauguration of Zetwerk Electronics' facility marks another milestone in this growth trajectory.
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