Syrma SGS Technology and Italy’s Elemaster Forge Global Electronics JV

Published: 02 Sep 2025

Author: Precedence Research

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In a move that signals bold ambition on the global stage, Syrma SGS Technology has inked a joint venture agreement with Italy’s Elemaster Group. This strategic handshake between Europe's engineering titan and India's rapidly growing electronics manufacturing powerhouse is not just another partnership. With a keen eye on the growing global market, they are working together to establish the ground for a new era of precision-driven electronic manufacturing solutions.

The partnership aims to unlock new opportunities in high-growth segments, including medical technology, industrial automation, automotive electronics, and energy-efficient systems. The joint venture aims to produce competitive and future-ready products by fusing Element Master's advanced technological capabilities in Europe with Syrma SGS's effective design-led manufacturing ecosystem in India. It is a synergy that combines engineering mastery with cost leadership and efficiency, all while maintaining accuracy.

Syrma SGS has steadily established itself as a formidable force in India’s EMS landscape, recognized for its design innovation, robust supply chain, and customer-focused approach. This position is further enhanced by partnering with Elemaster, which allows it to provide solutions that meet international standards and increase its presence in new regions. With the governments' Make in India and China+1 initiatives, Elemaster believes that this partnership provides access to India's quickly expanding electronics market.

The joint venture is more than just a business agreement- it is a signal of intent. It illustrates how European-Indian cooperation is becoming increasingly important in fortifying global supply chains. This joint venture established a new standard in the electronics sector by creating an ecosystem that meets the market's demands, which require speed, specialization, and resilience.

Industry watchers believe this tie-up has the potential to reshape competitive dynamics in the EMS sector. Low-cost assembly is no longer enough for clients; they want partners who can combine sophistication and scale, and this joint venture is designed to satisfy that need. By combining Europe's design-led expertise with India's production advantages, Syrma SGS and Elemaster are not only meeting current demands but also preparing for the next phase of technological advancements.

This collaboration reinforces Syrma SGS's ambition to transition from a strong domestic player to a global contender while giving Elemaster a strategic foothold in one of the world’s fastest-growing markets. Together, they are building not just products, but also resilience, trust, and leadership in a highly competitive industry.