Syrma SGS Technology has executed an agreement with Kaga Electronics India (Kaga) to set up a joint venture company (JVCo). The company has entered into the agreement to establish, develop and operate a technologically advanced, state of the art EMS manufacturing facility, together, in India focusing on Japanese clients.
In the JVCo that is proposed to be incorporated, the company will own 60% of the equity shares and Kaga will own 40% of the equity shares of the JVCo, subject to customary conditions precedent and closing conditions as out in the agreement.
Syrma SGS Technology is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
