Ascent Circuits, a Gurugram-based company under the Amber Group, has announced plans to establish a new facility in Hosur with an investment of ₹650 crore. This move signifies a significant leap for Amber into the printed circuit board (PCB) manufacturing segment.

The decision to set up this facility has been bolstered by the imposition of anti-dumping duties, which aim to strengthen India's domestic PCB manufacturing ecosystem. Aligned with the Government of India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, the new facility aims to enhance domestic manufacturing capabilities and reduce dependence on imports.

The Amber Group, known for its diverse manufacturing operations in consumer durables, electronics (EMS), and railway subsystems, views this expansion as crucial for establishing a robust local supply chain for critical electronic components.

"This expansion reflects our commitment to bolstering the local manufacturing of essential electronic components," stated a spokesperson from the Amber Group.

The new facility will leverage advanced manufacturing technologies to produce a wide range of PCBs, including single-sided, complex multilayer, and specialty circuits. It is expected to generate employment opportunities for over 1,000 people directly and indirectly in the state.

Upon completion in two phases, the facility will have an annual manufacturing capacity of up to 8,40,000 square meters. This strategic expansion aims to meet the increasing demands of India’s automotive, industrial, telecom, and defense sectors, positioning Ascent Circuits as a leading manufacturer of Double-Sided and Multi-Layer PCBs in the country.