Kaynes Signs MoU With Karnataka Govt

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  • It will create almost 3,200 job opportunities

Kaynes Technology has signed a Memorandum of Understanding (MoU) with the Karnataka government, through which they will put Karnataka in the forefront of OSAT and PCB with an investment of Rs 3,750 crores. This partnership will also help to create 3,200 jobs.

Kaynes Semicon Private Ltd will lead the setup of an OSAT facility while Kaynes Circuits India Private Ltd will spearhead the establishment of a Printed Circuit Board (PCB) manufacturing plant for producing complex multi-layered boards. Shares of Kaynes Technology closed 3.17 percent higher at Rs 1,855 per share.

Kaynes is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. The company has capabilities across the entire spectrum of ESDM services. Kaynes has over three decades of experience in providing conceptual design, process engineering, integrated manufacturing and life cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments, among others.

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Nitisha Dubey
Nitisha Dubey
Nitisha Dubey is a journalist at EFY. She focuses on startups and innovations with a deep interest in new technologies and business models.

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