Amber Enterprises may invest ₹2,000 cr to set up printed circuit board facility
₹2,000 crore to set up a printed circuit board (PCB) manufacturing facility in the country, according to two people aware of the development.The likely investment follows its acquisition of a majority stake in Ascent Circuits, a printed circuit board assembly maker, as the group undertakes backward integration towards becoming a full-fledged electronics manufacturing services provider.“The investment is expected to take place within the next few months," said one of the persons cited above, asking not to be named. Queries sent to Amber Enterprises remained unanswered till press time.Amber Enterprises, which is transitioning from being primarily a residential air-conditioning manufacturer into a diversified business-to-business electronics goods maker, will ramp up backward integration, aided by its pact with South Korean firm Korea Circuit that has long been producing printed circuit boards.
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