Sahasra to Spend Rs 350 cr for Electronic Industry
Sahasra has planned to spend Rs 350 crore over the next four years to construct mobile phone memory chipsets, laptop hard drives and motherboards in India with two new manufacturing facilities coming up in Rajasthan and UP, shared a news website.
The plant, which will also manufacture solid state drives for laptops and notebooks, is expected to begin operations in the second quarter next year.
Sahasra’s group company Infopower Technologies, which is a joint venture with Taiwanese MiTac Holdings, will put in another Rs 210 crore in Noida, Uttar Pradesh to produce 25,000 motherboards or printed circuit boards per month, primarily for data centres. One-third of this amount will flow in from MiTac along with technology support.
The integrated circuit (IC) packaging plant for memory, which is being set up in Bhiwadi, Rajasthan will entail an investment of Rs 140 crore to produce 40 million ICs annually and is approved to receive incentives by the central government under the production-linked incentive scheme.
