Mumbai, 10th October 2024: Ascent Circuits, an Amber Group company, in a strategic move announces plan to set up new state-of-the-art facility in Hosur, Chennai. With investment of Rs 650 crore, this expansion marks leapfrog milestone of Amber’s evolution into PCB manufacturing segment.

 The imposition of Anti-Dumping Duty has been a key enabler to boost the national interest of strengthening domestic PCB manufacturing ecosystem. In-line with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, this facility further bolsters the domestic manufacturing and import substitution capabilities.

 “This expansion represents our dedication to building a robust local supply chain for critical electronic components,” said a spokesperson of Amber Group. “PCBs are the backbone of electronic products and therefore, at an important juncture for localisation.

 “The new facility will employ advanced manufacturing technologies to produce a wide range of PCBs, from single-sided to complex multilayer and specialty circuits. Further, this facility will also create a direct and indirect employment opportunity for more than 1,000 people in the state.”

 This state-of-the-art PCB facility will bolster local manufacturing of critical components as India makes its mark in semiconductor and chip substrates. The new facility will create an annual manufacturing capacity of upto 8,40,000 SqM upon completion in two phases

 This expansion is strategically positioned to cater to the growing demands of India’s automotive, industrial, telecom sectors, and defence and aerospace amongst others establishing Ascent Circuits as the country’s leading manufacturer of Double-Sided and Multi-Layer PCBs.