Key Takeaways
- ASM Technologies Limited signed an MoU with the Tamil Nadu Government for an INR 250 Crore investment.
- The company will acquire 5 acres of land to set up a new design facility.
- Focus areas include electronics, semiconductors, solar, and precision engineering.
- Expansion aligns with India’s “Make in India” initiative and strengthens ASM’s global footprint.
Major Investment to Strengthen Tamil Nadu’s Tech Manufacturing Hub
ASM Technologies Limited has entered into a memorandum of understanding (MoU) with Guidance, Government of Tamil Nadu, committing an investment of INR 250 Crore. The agreement will see ASM acquire five acres of land from the state to establish a cutting-edge design-led manufacturing facility in Tamil Nadu’s growing technology corridor.
The facility will be dedicated to expanding the company’s electronic system design and manufacturing (ESDM) capabilities and precision engineering operations, bolstering its long-term position in the global market.
Leadership Comments on Expansion
Rabindra Srikantan, Managing Director of ASM Technologies Limited, described the MoU as a defining step in the company’s growth strategy. He emphasized that the expansion would sharpen ASM’s expertise in electronics, semiconductors, and renewable energy solutions, reinforcing its commitment to innovation and international competitiveness.
Preeti Rabindra, Director of ASM Technologies Limited, highlighted that the project is designed to accelerate the company’s role as a trusted partner for global clients. She noted that the initiative will foster innovation, create new opportunities, and contribute to India’s rapidly advancing manufacturing ecosystem.
Supporting National and Global Growth Ambitions
ASM Technologies already operates advanced manufacturing units in Dabaspet, Karnataka, and Sriperumbudur, Tamil Nadu. The upcoming facility complements these existing sites while supporting the Government of India’s “Make in India” mission.
With more than three decades of expertise and operations across the USA, Singapore, UK, Canada, Japan, Thailand, and Mexico, ASM continues to strengthen its role as a global engineering leader. This latest investment underscores its focus on design-led manufacturing excellence and its contribution to India’s emergence as a hub for high-tech production.
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