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ASM Technologies inks MoU with Government of Karnataka to invest Rs 510 crore

13 Feb 2025 Evaluate

ASM Technologies has signed Memorandum of Understanding (MoU) with the Government of Karnataka whereby it will invest Rs 510 crore in the state to expand its ESDM related Design-Led Manufacturing and precision engineering capacity. As part of the agreement the company will acquire 10 acres of land from the Karnataka Industrial Areas Development Board (KIADB) to set up a state-of-the-art design facility.

The company also recently commenced operations from its two new state-of-the-art manufacturing facilities at Dabaspet, Karnataka and Sriperumbudur, Tamil Nadu. Totaling over 55,000 sq.ft. across both locations, the facilities are expected to give a fillip to the company’s design-led manufacturing operations and will serve as core centres of excellence for its clients across key industry verticals.

ASM Technologies has been providing world class consulting and product development services in the areas of Engineering Services and Product R&D with successful Offshore Development & Support Centers in India and Overseas for its global clientele.  


ASM Technology Share Price

3156.95 -74.15 (-2.29%)
04-May-2026 16:59 View Price Chart
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