Kaynes Electronics Manufacturing Pvt Ltd (KEMPL), a subsidiary of Kaynes Technology India, has announced plans to establish a state-of-the-art electronics manufacturing facility in Bhopal, with an investment of ₹352 crore. Slated for launch by mid-2026, the new plant will be located in the Badwai IT Park and is expected to generate over 1,000 skilled jobs in the region.
The facility will use advanced technology to produce electronic components serving multiple industries, including automotive, defence, aerospace, medical devices, and IoT solutions. This will be Kaynes’ first major footprint in Central India, complementing its existing network of eight units across the country.
Part of State Push for Electronics and Semiconductor Growth
The Bhopal unit is a key development under the Madhya Pradesh Semiconductor Policy 2025, aimed at making the state a preferred destination for tech and electronics investments. The policy provides a combination of infrastructure support, incentives, and workforce development initiatives to attract companies like Kaynes.
“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 of Kaynes Technology India Limited.
The project also falls under the Cabinet Committee on Investment Promotion (CCIP), a government initiative designed to align industrial growth with science and technology strategies at the state level.
Madhya Pradesh Eyes Space Tech Sector Next
Looking ahead, the state is preparing to introduce a dedicated space technology policy by August. According to Sanjay Dubey, additional chief secretary of the urban development and housing department, the policy will leverage Madhya Pradesh’s academic strengths and its pool of technical talent.
He noted that IIT Indore already offers BTech, MTech, and PhD programs in space technology. The government is also engaging with ISRO-affiliated startups and private sector stakeholders to shape this emerging sector and align with national space policy goals.
