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) dedicated to semiconductor and electronic components manufacturing at Mandir Hasaud, Nava Raipur, Atal Nagar, Chhattisgarh. The notification was issued as S.O. 3675(E) and published in the Gazette of India.

SEZ Details

The notified SEZ covers 10.13 hectares of land, specifically Plot Nos. 17/A, 17/B and 16/1A. This land allocation represents a concrete step toward establishing a manufacturing hub for advanced electronics and semiconductors in central India.

Regulatory Framework

The SEZ received an earlier Letter of Approval on 9 June 2026. With the current notification, the SEZ is deemed an Inland Container Depot effective 6 July 2026 under the Customs Act, 1962, providing a regulatory and logistics framework for customs‑related processes, movement of goods, and export‑oriented operations.

Management Commentary

Mr. Eswara Rao Nandam, Managing Director & CEO of Polymatech Electronics Limited, stated that the notification is a pivotal milestone in the company’s manufacturing journey. He highlighted gratitude to both the Government of India and the Government of Chhattisgarh for their support, emphasizing that India’s semiconductor ecosystem requires multiple strong manufacturing nodes. Nandam affirmed Polymatech’s commitment to building a deep, reliable, export‑oriented electronics and semiconductor manufacturing base.

He further noted that Nava Raipur and Atal Nagar offer strong potential for advanced manufacturing due to well‑planned infrastructure, reliable power, robust connectivity, and a supportive industrial ecosystem. The SEZ framework will enable disciplined progress, creation of skilled employment, and contribution to India’s long‑term semiconductor and electronics value chain.

Development Approach

Polymatech will continue to work with relevant authorities for implementation, infrastructure development, and operationalisation of the SEZ. The company intends to develop the zone using its own resources and a capital‑disciplined approach, aligning with its long‑term focus on self‑reliant capability building across critical parts of the semiconductor and electronics value chain.

Company Background

Polymatech Electronics Limited, headquartered at the SIPCOT Hi‑Tech SEZ in Oragadam, Chennai, is an Indian semiconductor and advanced electronics manufacturer. Its capabilities span 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 across India, Singapore, France, Estonia, and the United States. The group’s guiding philosophy—European Materials, Japanese Precision, Semiconductor Packaging Excellence—reflects a decade of deliberate, self‑reliant capability building across critical parts of the semiconductor value chain.

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