Ratnaveer Precision Engineering Limited to invest Rs. 338 crore

This initiative is part of a broader national vision aimed at achieving 100 percent import substitution and establishing India as a global manufacturing hub for electronics. Commenting on this achievement, Managing Director Vijay Sanghvi said, “We are proud to receive approval under the Electronics Component Manufacturing Scheme (ECMS) for our Copper Clad Laminates project. This marks a significant step in our strategic journey towards advanced electronic materials manufacturing. This project reflects our strong commitment to contributing to India’s self-reliance in critical electronic components and aligns with national initiatives under the Prime Minister’s vision such as Atmanirbhar Bharat, Digital India, Make in India, and the India Semiconductor Mission. With this investment, our aim is to develop world-class capabilities, promote innovation, and play a meaningful role in strengthening India’s electronics ecosystem.”

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This project aligns with the policy frameworks of both central and state governments, including the Electronics Components Manufacturing Scheme (ECMS) of the Ministry of Electronics and IT and the Gujarat Electronics Policy. It has been facilitated under the Gujarat State Electronics Mission (GSEM) (2022-2028) by the Department of Science and Technology (DST).

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Ratnaveer Precision Engineering Limited is a leading engineering company engaged in the manufacturing of stainless steel products and solutions. With a strong focus on quality, innovation, and value-added manufacturing, the company continues to expand into high-growth sectors. According to the management, entry into the Copper Clad Laminates segment represents a strategic diversification for the company, strengthening Ratnaveer’s vision of becoming a key contributor in India’s evolving electronics manufacturing landscape.

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