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Kaynes Circuits India, a subsidiary of Kaynes Technology India, announced on Aug. 4 that it plans to invest roughly $570 million over the next six years in the southern state of Tamil Nadu, the Economic Times reported.
The company’s investment will fund capacity additions and also set up new projects in the state, the company said. The plant will produce 74-layer PCB, HDI PCB, flexible PCB, high-performance laminates, camera module assembly, and wire harness assembly, and generate around 4,700 jobs.
KS Babu, secretary of the Indian Printed Circuit Association, told the Times, “This is the first time the PCB industry is seeing real momentum. The scheme supports multilayer and HDI boards, which are key to next-gen electronics.”
The move would mark the first large-scale investment in PCB manufacturing in Tamil Nadu, underscoring plans by the state government to set up a new electronics manufacturing cluster in Thoothukudi—far from the established hubs of Sriperumbudur and Hosur.
Prabhu Ram, vice president of the industry research group at CyberMedia Research, told the Times that with these new investments, Thoothukudi could house an integrated ecosystem that mirrors Tamil Nadu’s other successful industrial clusters, fostering synergies across EV components, batteries, and power electronics.
