Mumbai, 14th September, 2018 – SYSKA Group (India) in partnership with Biometronic Pte. Ltd. (Singapore) and Suyin Optronics, Corp. (Taiwan) will set up India’s first camera module factory. The factory will be setup in Noida with the total investment of $30 million (approx INR 200 crores) for this project which will be utilized in three phases. The camera module factory has been set up for empowering the growing demands of localizing and manufacturing of electronic components.
Suyin Optronics will manufacture camera modules for mobile phones, automotive industry (Rear view camera), medical, security industry (CCTV) and defense industry (Drones). The factory will have a clean room for an installed production capacity of 5 million pieces per month and an expansion plan to set up the first COB (chip-on-board) plant for image sensors with an installed capacity of 10 million pieces per month. A Center of Excellence (COE) will also be set-up to enable indigenous design and development capability which will constitute a collaborative effort with the industry to develop solutions for optical, mechanical and sensor packaging throughputs.
With the aim to support Indian government’s initiative of Make in India, this is for the first time that a camera module factory is being set up in India by a global player. Interestingly, the government has recently given a nod to legalize drones in India and this gives Suyin Optronics an added advantage to manufacture drone cameras in India. Syska Group has 49% stake in the company whereas Biometronic has 41% stake and Suyin Optronics has 10% stake in the new entity.
Commenting on the new business Mr. Rajesh Uttamchandani, Director, Syska Group said, “We are excited to announce our strategic partnership with Suyin Optronics and Biometronic to become the pioneers of camera modules in India. With the use of latest technology, innovation and state of the art facility, we will process the manufacturing of camera modules in a phased manner. Additionally, we have always been supportive of government’s initiative of Make in India and setting up a factory in India will help us in contributing towards this initiative and also aid in generating employment opportunities.”
Mr. Gary Lee, Chairman of Suyin Optronics, Corp. (Taiwan) said, “We are please to announce our manufacturing facility with our strategic partners. India’s economic growth of 7.4%, its domestic consumer electronic demands and the governments encouragement of foreign companies to localize production has provided to us an opportune moment to establish a sound manufacturing base that will be self-sufficient through technology development and research.”
“Bringing together the right technology, the perfect partnerships and building a sustainable eco-system will only enhance the Make in India program. It gives us an immense pleasure to introduce this highly sophisticated manufacturing facility which will include image sensor packaging and finished camera modules.” says Mr. Prabhu Sridharan, Promoter and Managing Director of Biometronic Pte. Ltd. (Singapore)
Suyin Optronics Pvt. Ltd. was setup in 2018 as a subsidiary to capitalize on the growing demands of India’s domestic market. Being the pioneer, the objective is for the Indian operations to be self-sufficient from R&D, product development and manufacturing sensor packaging to finished products. The company is geared to deliver real results to global businesses, ensuring a level of certainty. Biometronic being the pioneer company to introduce and cultivate iris technology via the Aadhaar program, the company is driving the manufacturing of electronic components in India with strategic partnerships to handhold successful technology transfers. The company is geared to pioneering in projects such as camera modules, lithium-ion battery, connectors, etc. SYSKA group is a leading FMEG company which has diversified into segments such as LED, Personal Care Appliances, Mobile accessories, Wires and Cables and only continues to grow and dominate these markets.
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