Syska forms partnership to manufacture camera module, to invest Rs 200 cr
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- indianexpress

Syska forms partnership to manufacture camera module, to invest Rs 200 cr

Syska group had formed a partnership with two foreign companies to set up the country s first camera module factory by investing around Rs 200 crore at Noida in Uttar Pradesh, a top company official said. The company has formed a joint venture with Singapore-based Biometronics and Taiwan s optical system solution provider Suyin Optronics to manufacture camera modules used in mobile phones, automobiles, security and defence industry etc. Syska Group has 49 per cent stake in the JV, Biometronic has 41 per cent stake and the rest 10 per cent stake is with Suyin Optronics. The company expects the first phase to complete by next three-four years, Syska Group Director Rajesh Uttamchandani said. Syska is eyeing the fast growing mobile handset market and smartphones (which use front and back camera) beside sectors such as automotive, drones, security systems, medical etc. We would invest USD 30 million (around Rs 200 crore) on the project and would have a revenue of around Rs 1,600 crore to .

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