Amber India to Invest Rs. 4200 Crore to Strengthen its PCB Manufacturing Capabilities

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Amber Enterprises, a leading original equipment manufacturer (OEM) for air conditioners and various consumer durables, has announced a significant investment of approximately Rs. 4,200 crore to bolster its manufacturing capabilities for printed circuit boards (PCBs).

The company is also open to more acquisitions, having recently acquired a 60% stake in Israel-based Unitronics through a subsidiary. To finance this massive capital expenditure, Amber Enterprises plans to raise Rs. 2,500 crore through a qualified institutional placement (QIP), which will be discussed at its annual general meeting on August 11.

Jasbir Singh, Chairman & CEO of Amber Enterprises, detailed the investment strategy to businessline. He confirmed that the company will establish PCB manufacturing facilities in both Hosur and Uttar Pradesh. "We have filed two applications under the Electronics Manufacturing Component Scheme," Singh stated.

The first application, with a planned investment of Rs. 990 crore through its subsidiary Ascent Circuits, is for a multi-layer PCB facility in Hosur. The second, a joint venture with Korea Circuits, will see an investment of Rs. 3,200 crore for a high-density interface PCB facility in Jewar, Uttar Pradesh. Both investments will be phased over the duration of the scheme.

This strategic move is expected to strengthen Amber Enterprises' position in the electronics manufacturing services (EMS) sector and support its continued growth in consumer durables and railway sub-systems.

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