Kaynes Technology Subsidiary Inks ₹4,995 Crore MoU with Tamil Nadu Government for Manufacturing Expansion
Kaynes Circuits India Private Limited, a subsidiary of Kaynes Technology India Limited (KTIL), has signed a non-binding MoU with the Tamil Nadu government for a proposed investment of ₹4,995 crores over six years. The investment aims to establish new manufacturing facilities for advanced electronic components, including multilayer PCBs, HDI PCBs, and flexible PCBs. The government will provide support through incentives, subsidies, and infrastructure assistance. This expansion could boost Tamil Nadu's position in India's electronics manufacturing sector.

*this image is generated using AI for illustrative purposes only.
Kaynes Technology India Limited (KTIL) has taken a significant step towards expanding its manufacturing capabilities in Tamil Nadu. The company's wholly-owned subsidiary, Kaynes Circuits India Private Limited, has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu, outlining a proposed investment of approximately ₹4,995.00 crores over the next six years.
Investment Details and Scope
The MoU focuses on establishing new manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu. This strategic move aims to bolster Kaynes Circuits' production capabilities in the state, potentially creating new job opportunities and contributing to the region's economic growth.
Government Support and Incentives
As part of the agreement, Kaynes Circuits will explore various financial incentives and industrial policies offered by the Tamil Nadu government. These may include:
- Subsidies and other financial benefits
- Structured assistance packages
- Infrastructure support
- Assistance with regulatory clearances
The Tamil Nadu government, through its nodal agency Guidance, has committed to providing necessary facilitation and support in line with applicable laws and policies.
Kaynes Circuits' Technological Prowess
Kaynes Circuits India Private Limited specializes in producing advanced electronic components, catering to critical applications across various high-tech sectors. Their capabilities include:
- Multilayer PCBs up to 74 layers
- HDI PCBs up to 8 layers
- Flexible PCBs
These components are crucial for industries such as:
- Aerospace
- Defense
- Artificial Intelligence
- Medical Devices
- Telecom Infrastructure
- Smartphones and Wearables
Additionally, the company is involved in Copper Clad Laminate (CCL) manufacturing, producing high-performance laminates suitable for high-frequency applications, radars, and low signal loss systems.
Implications and Future Outlook
While the MoU represents a statement of mutual intent rather than a legally binding obligation, it signifies a strong commitment from both Kaynes Technology and the Tamil Nadu government to foster growth in the state's electronics manufacturing sector. This investment, if realized, could position Tamil Nadu as a key player in India's electronics manufacturing landscape, particularly in advanced and specialized components.
As the electronics industry continues to evolve rapidly, Kaynes Technology's expansion plans align with the growing demand for sophisticated electronic components in various tech-driven sectors. The successful implementation of this MoU could not only boost the company's production capabilities but also contribute significantly to India's push towards becoming a global electronics manufacturing hub.
Investors and industry watchers will be keenly observing the developments following this MoU, as it could potentially impact Kaynes Technology's market position and financial performance in the coming years.