Syrma SGS, Elemaster Launch JV for Rail, Medtech Electronics

02 Sep 2025 CW Team

This strategic partnership aims to establish a dedicated India-focused platform serving high-reliability sectors such as railways, industrial electronics, and medical technology. The initial manufacturing unit will be located in Bommasandra Industrial Area, Bengaluru, spanning approximately 20,000 sq. ft., equipped for SMT, THT, and box-build assembly lines.

The collaboration leverages Syrma’s cost-effective, scalable execution capabilities with Elemaster’s deep design proficiency and established relationships with European OEMs. The joint venture is poised to offer integrated “Make in India” solutions across critical, fast-growing markets, while enhancing margins, share-of-wallet, and global competitiveness.

Strategic Vision and Leadership Comments

Sandeep Tandon, Chairman of Syrma SGS, said:

“This joint venture marks a pivotal step in building a global high-reliability electronics platform from India. It strengthens our global supply chain integration and positions India as a trusted destination for advanced manufacturing.”

Satendra Singh, CEO of Syrma SGS, noted:

“The JV structure enables dedicated focus on high-reliability customers with efficient cost structures and scalable expansion plans across strategic verticals.”

Valentina Cogliati, CEO of Elemaster Group, added:

“India is a critical market, and this partnership with Syrma provides a reliable and scalable base for delivering top-tier, Made-in-India electronics solutions to our global OEM customers.”

Giovanni Cogliati, CCO of Elemaster Group, remarked:

“This evolution of our partnership with Syrma solidifies our footprint in India. Investments in infrastructure and operations will support growing customer demand and high service levels.”

With this joint venture, both companies are set to harness synergies and address rising demand from global clients seeking localised, high-quality electronics production in India. The partnership represents a bold step in advancing India’s role in global high-tech manufacturing.

Syrma SGS Technology Ltd, a prominent Indian electronics systems design and manufacturing company, has entered into a joint venture with Italy-based Elemaster S.p.A Tecnologie Elettroniche, a global leader in electronics design and manufacturing. The JV will operate under Syrma SGS Design and Manufacturing Pvt Ltd, soon to be renamed Syrma SGS Elemaster Pvt Ltd.This strategic partnership aims to establish a dedicated India-focused platform serving high-reliability sectors such as railways, industrial electronics, and medical technology. The initial manufacturing unit will be located in Bommasandra Industrial Area, Bengaluru, spanning approximately 20,000 sq. ft., equipped for SMT, THT, and box-build assembly lines.The collaboration leverages Syrma’s cost-effective, scalable execution capabilities with Elemaster’s deep design proficiency and established relationships with European OEMs. The joint venture is poised to offer integrated “Make in India” solutions across critical, fast-growing markets, while enhancing margins, share-of-wallet, and global competitiveness.Strategic Vision and Leadership CommentsSandeep Tandon, Chairman of Syrma SGS, said:“This joint venture marks a pivotal step in building a global high-reliability electronics platform from India. It strengthens our global supply chain integration and positions India as a trusted destination for advanced manufacturing.”Satendra Singh, CEO of Syrma SGS, noted:“The JV structure enables dedicated focus on high-reliability customers with efficient cost structures and scalable expansion plans across strategic verticals.”Valentina Cogliati, CEO of Elemaster Group, added:“India is a critical market, and this partnership with Syrma provides a reliable and scalable base for delivering top-tier, Made-in-India electronics solutions to our global OEM customers.”Giovanni Cogliati, CCO of Elemaster Group, remarked:“This evolution of our partnership with Syrma solidifies our footprint in India. Investments in infrastructure and operations will support growing customer demand and high service levels.”With this joint venture, both companies are set to harness synergies and address rising demand from global clients seeking localised, high-quality electronics production in India. The partnership represents a bold step in advancing India’s role in global high-tech manufacturing.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..