BENGALURU – Syrma SGS Technology has signed a joint venture agreement with Italy-based Elemaster to form Syrma SGS Elemaster Private Limited, an India-focused platform serving high-reliability customers in railway, industrial and medical electronics. The JV’s initial ~20,000 sq. ft. facility in Bommasandra Industrial Area, Bengaluru will be configured for SMT, THT and box-build assembly lines.

The partnership combines Syrma’s scaled, cost-efficient manufacturing with Elemaster’s design expertise and European OEM relationships, aiming to unlock margin-accretive growth, increase share-of-wallet with global accounts and accelerate “Make in India” solutions. A phased expansion under joint governance is planned to support demand. Company leaders said the JV strengthens India’s position as a trusted hub for advanced manufacturing while giving customers local production with global quality and traceability.

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