Amber Enterprises India Ltd recently announced an estimated 4,200 INR-Crore investment to establish advanced PCB manufacturing facilities. These upcoming facilities will be located in Hosur, Tamil Nadu, and Jewar, Uttar Pradesh. The move marks a strategic pivot from air-conditioner components to high-tech electronics.
The Hosur unit, led by subsidiary Ascent Circuits, will focus on multi-layer PCBs. This facility will be developed with an investment of 990 INR-Crore. Meanwhile, the Jewar facility will be developed through a joint venture with Korea Circuits, targeting high-density interface PCBs. This facility will be developed with a phased investment of 3,200 INR-Crore. Moreover, to fund the expansion, Amber plans to raise 2,500 INR-Crore via Qualified Institutional Placement (QIP), with shareholder approval expected at its upcoming AGM.
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The Amber Enterprises PCB manufacturing facilities will also support vertical integration, supplying PCBs for Amber’s own AC controllers and other components. Furthermore, these represent a bold leap into India’s electronics future, aligning with the push for self-reliance under the Electronics Manufacturing Component Scheme.
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