Home / Business and Economy / India's PCB Boom: Wipro Plant Gears Up

India's PCB Boom: Wipro Plant Gears Up

Summary

  • Wipro Electronics' ₹500 crore PCB plant to be operational in nine months.
  • Karnataka announces ₹2,600 crore in fresh tech commitments.
  • India imports 85% of its PCBs, but domestic production is shifting.
India's PCB Boom: Wipro Plant Gears Up

India's electronics manufacturing sector is experiencing a significant upswing with Wipro Electronics' new ₹500 crore printed circuit board (PCB) plant in Doddaballapura scheduled to become operational within nine months. This development was announced alongside Karnataka's commitment of ₹2,600 crore in fresh investments at the Bengaluru Tech Summit, highlighting a strong push towards domestic production.

The state's Minister for IT/BT, Priyank Kharge, announced a series of agreements worth ₹2,600 crore, fostering over 3,500 jobs across key sectors. Notably, Global HDI will invest ₹1,500 crore in a new HDI/Multi-layer PCB Plant, and Elleve Solutions plans a ₹250 crore investment for a PCB & Electronics Manufacturing Facility.

These investments aim to curb India's substantial reliance on imported PCBs, which currently satisfy 85% of the domestic market's needs. The global PCB market is projected for massive growth, and these initiatives position India to capture a larger share of this expanding industry.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Read more news on

Property Code: 5571