Syska Partners Biometronic and Suyin Optronics To Set up India’s First Camera Module Factory
SYSKA Group has partnered today with Biometronic Pte. Ltd. and Suyin Optronics, Corp. This partnership is aimed to set up India’s first camera module factory, which will be located in Noida. The total investment for this venture is $30 million, which is approx Rs. 200 crores. The said project will be operated in three phases.
Suyin Optronics will manufacture the camera modules for mobile phones, Rear view camera for the automotive, medical, CCTV and Drones for the defense industry. The factory will have a room for an installed production capacity of 5 million pieces per month and the development plan to set up the first COB (chip-on-board) plant for image sensors with an installed capacity of 10 million pieces per month. A Center of Excellence (COE) will also be there to facilitate indigenous design and development capability that will help in developing the solutions for optical, mechanical and sensor packaging throughputs.
This is for the first time that a camera module factory is being set up in India by a global player. The Indian government’s recent drone policy has legalized the drones in India and this has given Suyin Optronics an added advantage to manufacture drone cameras in India. Syska Group has a 49% stake in the partnership whereas Biometronic has 41% and Suyin Optronics has a 10% stake.