Amber Enterprises India’s material subsidiary -- ILJIN Electronics (India) has entered into Joint Venture (JV) agreement with Korea Circuit Co., a pioneer of printed circuit boards (PCB(s)) based out of Korea on October 15, 2024, to form a Joint Venture Company in India, to carry on the business of production, manufacturing, assembling and selling of HDI, Flex, and Semiconductor Substrates PCBs (Business).
Pursuant to the said JV agreement, the proposed JV Company will be 70% owned by ILJIN Electronics (India) and 30% owned by Korea Circuit Co. The Joint Venture will bring the world leading manufacturing excellence of PCBs into India, in line with the ‘Aatmanirbhar Bharat’ vision of Government of India and this JV will further strengthens the domestic value addition of the industry and capabilities for import substitution.
Amber Enterprises India is a prominent solution provider for Air conditioner OEM/ODM Industry in India.
