Elemaster Group is pleased to announce the signing of a joint venture with Syrma SGS Technology Limited, one of the leading Indian players in electronic design and manufacturing services. The new company, named Syrma SGS Elemaster Private Limited, will serve as a dedicated platform for the production of high-reliability electronic solutions for the railway, industrial and medical sectors, with headquarters in Bengaluru (India), within a facility of approximately 2,000 m² equipped with SMT, THT and box-build lines.
This partnership represents a further step in Elemaster Group’s global growth strategy. Through this initiative, the Group will extend its presence in the Indian market, strengthening cooperation with leading European and international OEMs. The agreement consolidates a long-standing collaboration between the two companies, based on the complementarity of their expertise: Elemaster’s extensive experience in design and lifecycle management of products is combined with Syrma SGS’s large-scale execution capabilities.
As Valentina Cogliati, CEO of Elemaster Group, states:
“India is a strategic market for our Customers. This joint venture provides us with a reliable, competitive and scalable base in the region, reinforcing our commitment to supporting global OEMs with high-quality, entirely ‚Made in India‘ solutions.”
Giovanni Cogliati, CCO of the Group, adds:
“We are proud of this important evolutionary step in the collaboration with Syrma SGS. It represents a concrete solution for Customers requiring local production in India, ensuring high service standards thanks to investments in infrastructure and organisation.”
Sandeep Tandon, Chairman of Syrma SGS Technology, also commented:
“This joint venture marks a milestone in our journey towards creating a global high-reliability electronics platform based in India. By combining Syrma’s operational excellence with Elemaster’s strong relationships with European OEMs, we are opening new growth avenues in the railway, industrial and medical sectors. This partnership strengthens India’s position as a reliable global hub for high-tech manufacturing and will deliver long-term value to our Customers and stakeholders.”
With this new production hub, Elemaster strengthens its position as a strategic partner for high-reliability electronics manufacturing on a global scale.