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Kaynes Electronics Unveils Massive 352-Crore Bhopal Expansion Project
Kaynes Electronics Manufacturing Pvt Ltd (KEMPL), a subsidiary of Kaynes Technology India, has announced a substantial investment to set up a new factory in Badwai IT Park in Bhopal. The project, valued at ₹352 crore, is expected to create over 1,000 skilled jobs and establish the company as a major player in Central India’s manufacturing landscape.
The upcoming plant, which will be built on five acres of land, is slated to begin production by mid-2026, leveraging advanced technology to manufacture electronic parts for products used across various industries. The project is part of the Madhya Pradesh Semiconductor Policy 2025, a government initiative aimed at attracting tech companies to the state.
The policy offers support like infrastructure, incentives, and workforce development to help companies set up operations in Madhya Pradesh. Its objectives include creating a robust ecosystem for semiconductor manufacturing, promoting research and development, and fostering innovation in the sector.
KEMPL’s first major facility in Central India will add to its existing network of eight manufacturing units across the country. With over 30 years of experience in making electronics for sectors such as automotive, aerospace, defence, medical, and IoT, Kaynes has established itself as a trusted partner for companies seeking high-quality electronic components.
“This new facility will not only cater to our growing customer base but also strengthen India’s position as a global manufacturing powerhouse,” said Raghu Panicker, CEO at Kaynes Technology India Limited. “We are excited about the prospect of contributing to the growth and development of Madhya Pradesh, and we look forward to working with the state government to make this project a success.”
The project is supported by the science and technology department under the CCIP (Cabinet Committee on Investment Promotion) initiative, which aims to connect industry and government to grow sectors like electronics and semiconductors. The initiative has been instrumental in attracting investments to Madhya Pradesh, with several major companies setting up operations in the state over the past few years.
The state is also preparing to roll out a space tech policy by August, focusing on its strong areas such as academic infrastructure and talent pool. IIT Indore offers BTech, MTech, and PhD in spacetech, and the government is engaging with ISRO-linked startups and industry stakeholders regarding the policy.
Madhya Pradesh has been actively promoting itself as an attractive destination for investment and innovation, with initiatives aimed at attracting businesses to the state. The IT policy, launched in 2018, offers incentives and support for startups and SMEs, including tax exemptions, subsidies, and infrastructure support.
The policy provides training and skill development programs for entrepreneurs and startups, aiming to create a skilled workforce in the sector. KEMPL’s decision to set up a manufacturing plant in Bhopal is a testament to the state’s growing reputation as an attractive destination for investment and innovation.
Kaynes’ commitment to creating jobs and contributing to the growth of the local economy is expected to have a positive impact on the region, both economically and socially. As Kaynes prepares to begin production at its new facility in Bhopal, the state government is working towards creating an enabling environment for businesses to thrive.
The announcement has sparked excitement among local officials and entrepreneurs, who see it as a major boost to the state’s electronics manufacturing sector. The company’s experience in making electronics for various industries has equipped it with the expertise needed to meet the demands of different sectors.
As the world becomes increasingly dependent on technology, the demand for high-quality electronic components is expected to rise significantly. Kaynes Electronics Manufacturing Pvt Ltd is well-positioned to capitalize on this trend, leveraging its advanced technology and manufacturing capabilities to meet the needs of various industries.
The company’s decision to set up a manufacturing plant in Bhopal is also seen as a strategic move to tap into India’s growing domestic market. With a rapidly expanding middle class and a growing demand for electronic products, India offers significant opportunities for businesses looking to expand their presence in the region.
In addition to its existing network of eight manufacturing units across the country, Kaynes has established itself as a trusted partner for companies seeking high-quality electronic components. The company’s experience and expertise will be crucial in meeting the demands of various industries and contributing to the growth of the local economy.
The government is actively promoting initiatives aimed at promoting innovation and entrepreneurship, leveraging the strengths of IIT Indore and other academic institutions in the region. As Kaynes begins production at its new facility, it is clear that Madhya Pradesh’s electronics manufacturing sector will continue to grow and evolve, with significant opportunities for businesses looking to establish themselves in the state.
Madhya Pradesh is positioning itself as a major player in India’s growing tech industry, with several initiatives aimed at attracting investments and promoting innovation. The state government’s efforts to create an enabling environment for businesses to thrive are expected to have a positive impact on the region, both economically and socially.