Kaynes Technology Electronics Manufacturing Plant in Bhopal : Kaynes Technology’s new Bhopal facility will produce advanced electronics for defense/auto sectors, leveraging MP’s semiconductor policy benefits.
Kaynes Technology Electronics Manufacturing Plant in Bhopal : Key Project Highlights.
✅ Investment: ₹352 crore
✅ Location: Badwai IT Park, Bhopal (5-acre campus)
✅ Operations Start: Mid-2026
✅ Employment: 1,000+ skilled jobs
✅ Focus Areas: Automotive, aerospace, medical, IoT electronics
Strategic Expansion Details
Manufacturing Capabilities
| Parameter | Specification |
|---|---|
| Technology | Advanced SMT/PCB assembly |
| Verticals Served | Defense, space tech, automotive |
| State Support | MP Semiconductor Policy 2025 benefits |
Why Madhya Pradesh?
✔ Policy Incentives: Subsidies under semiconductor policy
✔ Talent Pipeline: IIT Indore’s space tech programs
✔ Central Location: Logistics advantage for pan-India distribution
Leadership Vision
Raghu Panicker, CEO, Kaynes Technology:
“This facility will enhance our capacity to serve global OEMs while contributing to India’s electronics sovereignty goals.”
MP Government Official:
“Aligns with our upcoming space tech policy and semiconductor ecosystem development.”
Industry & Economic Impact
Market Opportunities
- Defense Electronics: $11B import substitution potential
- Auto Electronics: 29% CAGR in EV component demand
- Space Tech: Synergy with ISRO’s private sector push
MP’s Growing Tech Ecosystem
- IIT Indore: Space tech academic programs
- Indore SEZ: Electronics manufacturing cluster
- Upcoming Policies: Space tech policy (August 2025)
Project Timeline
- 2024 Q3: Construction begins
- 2025 Q4: Equipment installation
- 2026 Q2: Commercial production
Differentiators:
✔ MIL-STD compliance for defense applications
✔ Industry 4.0 automation
✔ ISRO collaboration potential
Upcoming Catalyst:
MP Space Tech Policy launch (August 2025)