Syrma SGS, Kaga Electronics to form manufacturing JV with focus on Japanese clients

New Delhi: Electronics manufacturing services firms Syrma SGS and Kaga Electronics have signed a pact to form a joint venture that will focus on production for Japanese clients, a regulatory filing said on Monday.

Syrma SGS will hold a 60 per cent stake in the joint venture company (JVCo), and the rest will be held by the Indian arm of Japanese firm Kaga Electronics.

“We would like to inform you that the company has executed an agreement with Kaga Electronics India Private Limited (Kaga) to establish, develop and operate a technologically advanced, state-of-the-art EMS manufacturing facility together in India focusing on Japanese clients,” the filing said.