Announcement
Polymatech Electronics Limited announced that the Ministry of Commerce and Industry, Department of Commerce, Government of India, has officially notified a Special Economic Zone (SEZ) for the manufacturing of semiconductors and electronic components at Mandir Hasaud, Nava Raipur, Atal Nagar, Chhattisgarh.
SEZ Details
The notification, issued as S.O. 3675(E) and published in the Gazette of India, covers 10.13 hectares of land comprising Plot Nos. 17/A, 17/B and 16/1A. The SEZ is deemed an Inland Container Depot under the Customs Act, 1962 effective 6 July 2026, providing a regulatory and logistics framework for customs‑related processes and export‑oriented operations. The Government had previously granted a Letter of Approval for development, operation and maintenance of the SEZ on 9 June 2026.
Management Commentary
Mr. Eswara Rao Nandam, Managing Director & CEO of Polymatech Electronics Limited, stated that the notification marks an important milestone in the company’s manufacturing journey, expressing gratitude to the central and Chhattisgarh state governments. He emphasized that Nava Raipur and Atal Nagar offer strong potential for advanced manufacturing due to planned infrastructure, reliable power, connectivity and a supportive industrial ecosystem, and that the SEZ framework will enable disciplined progress, skilled employment creation, and contribution to India’s long‑term semiconductor and electronics value chain.
Development Approach
Polymatech indicated it will continue to work with relevant authorities for implementation, infrastructure development and operationalisation of the notified SEZ. The company intends to develop the SEZ using its own resources and a capital‑disciplined approach, consistent with its long‑term focus on self‑reliant capability building across critical parts of the semiconductor and electronics value chain.
About Polymatech
Polymatech Electronics Limited, headquartered at the SIPCOT Hi‑Tech SEZ, Oragadam, Chennai, is an Indian semiconductor and advanced electronics manufacturer with capabilities in semiconductor packaging, opto‑electronics, advanced materials, LED chip‑on‑board packaging, memory modules, sapphire ingot and wafer production, semiconductor substrates, advanced printed circuit boards, and semiconductor test and reliability equipment. The Polymatech Group operates manufacturing and technology facilities in India, Singapore, France, Estonia and the United States.