Key takeaways
- Kaynes Electronics invests ₹352 crore to establish a manufacturing plant in Bhopal by mid-2026.
- The new facility will create over 1,000 skilled jobs in Madhya Pradesh's electronics sector.
- Production will utilize advanced technology for various industries, enhancing India's manufacturing capabilities.
- This project aligns with the Madhya Pradesh Semiconductor Policy 2025 to attract tech companies.
- Kaynes expands its presence, adding to its existing eight manufacturing units across India.
In a significant boost to Madhya Pradesh’s electronics manufacturing plans, Kaynes Electronics Manufacturing Pvt Ltd (KEMPL), a subsidiary of Kaynes Technology India, has announced a ₹352 crore investment on July 13 to set up a new factory in Badwai IT Park in Bhopal.
The upcoming plant will be built on five acres of land and is expected to create over 1,000 skilled jobs. Production at the new facility is slated to begin by mid-2026, using advanced technology to make electronic parts for products used in various industries.
The investment is part of the Madhya Pradesh Semiconductor Policy 2025, a government initiative aimed at attracting tech companies to the state. The policy offers support like infrastructure, incentives, and workforce development to help companies set up operations in Madhya Pradesh.
The Bhopal plant will be Kaynes’ first major facility in Central India, adding to its existing network of eight manufacturing units across the country. The company has over 30 years of experience in making electronics for sectors such as automotive, aerospace, defence, medical, and IoT.
“This new facility will not only cater to our growing customer base but also strengthen India’s position as a global manufacturing powerhouse,” Raghu Panicker, CEO at Kaynes Technology India Limited, said.
The project is supported by the science and technology department under the CCIP (Cabinet Committee on Investment Promotion) initiative, which aims to connect industry and government to grow sectors like electronics and semiconductors.
Previously, Sanjay Dubey, additional chief secretary of the urban development and housing department of the MP government, revealed to AIM that the state is preparing to roll out a space tech policy by August. The policy will focus on the state’s strong areas, like academic infrastructure and a ready talent pool.
He added that IIT Indore offers BTech, MTech, and PhD in spacetech, and the government is actively engaging with ISRO-linked startups and industry stakeholders regarding the space tech policy.
The state aims to align this with the central government’s broader space policy and fill gaps that others may not have addressed.
