Syrma Technology Announces New Bawal Manufacturing Facility Serving India's Growing Electronics Markets -

Syrma Technology, a leader in electronic design and manufacturing services serving global OEMs, today announced a milestone expansion with the opening of its fifth state-of-the-art production facility in Bawal, located within India's Delhi-Mumbai corridor. This new commitment of over $10 million over next three years is designed to fortify Syrma's market position among high-growth domestic electronics markets within India, including automotive, industrial, aerospace, defense, and health tech verticals.

For nearly four decades, Syrma and its parent organization, Tandon Group, have ranked among India's most prestigious electronics exporters, successfully co-developing, manufacturing, and shipping over 200 million product units for more than 100 brand-name OEMs across the globe. Syrma's primary industry expertise revolves around RFID, magnetics, memory, precision PCBA, and end-to-end product builds, as well as leading-edge IoT applications.

The new Delhi-Mumbai Industrial Corridor facility will focus primarily on serving OEM customers within India and its domestic electronics market, where consumer demand currently outpaces the rest of the world—projected to grow beyond $230 billion by 2020.

"With the launch of our new facility, Syrma will be positioned to gain a stronger foothold among domestic electronics manufacturing in India, for India," said Sreeram Srinivasan, Syrma Technology CEO. "As more and more domestic tech-savvy customers crave world-class and smart products, we're excited about bringing our legacy of innovation and quality to more consumers in our home country."

Syrma's newest facility significantly expands the company's dynamic electronics capacities while creating more jobs. Syrma currently employs a total workforce of over 1,800 engineers and manufacturing personnel across its five locations.

About Syrma Technology

Syrma Technology provides global OEMs with electronic design and manufacturing services, backed by strong engineering expertise, to co-create products with our customers and reduce risk and costs on product designs and manufacturing. From custom-designed RFID solutions and products and power electronics, to turnkey manufacturing services and custom magnetics, we deliver high-mix, flexible volume products spanning multiple domains—telecom, power, industrial, medical, automotive, and computing verticals.

Within the last decade, we've helped design, manufacture, and market more than 200 million products worldwide. Syrma is certified for all internationally-recognized quality, environment, safety, and health standards and is a certified green-rated supplier on sustainability for a major global MNC.

Syrma is headquartered in Mumbai, India , with multiple state-of-the-art manufacturing facilities, including our flagship 120,000 square foot location, in Chennai, India. Syrma is a wholly-owned subsidiary of the Tandon Group, a technology holding group which has grown multiple technology companies since 1975 and provides resources and support to up-and-coming startups.

Meet our Team at IMTS

Syrma Technology representatives will be attending the International Manufacturing Technology Show (IMTS), held September 10-15, 2018 in Chicago, Illinois. This is North America's largest showcase for the latest innovations in industrial manufacturing. Attendees are encouraged to reserve an individualized meeting time online or stop by booth #121258.

For more information, visit www.syrmatech.com. Follow Syrma on Twitter at @syrmatechnology.

— WebWireID228280 —