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Syrma Technology to invest US$ 10 mln in India

By Niranjan Mudholkar,

Added 27 April 2018

To expand its India manufacturing footprint and set up its fifth manufacturing unit in the Delhi-Mumbai corridor

Sharing details about its plans to foray into the domestic market, Dr. Sreeram Srinivasan, CEO, Syrma Technology, said, "Syrma has an excellent track record of over a decade in working with leading global customers and in adding intelligence to their products. We are very excited about the opportunities in the electronics space in India. This domain is growing at a very healthy pace and is expected to touch US$ 230 bn by 2020. Combined with four decades of experience of Tandon Group, Syrma is nicely positioned to leverage these opportunities. To service the increasing demands from the National market, we are investing US$ 10 mn in the country and will be setting up a new manufacturing plant in the Delhi-Mumbai corridor. This plant will be operational in the later part of 2018."

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