Minister Sridhar Babu said Kaynes SemiCon has affirmed its commitment to its Hyderabad project, in sharp contrast Industries Secretary Jayesh Ranjan said Kaynes had indeed moved to Gujarat
KTR raised concern over the loss of two highly advanced projects - a Outsourced Semiconductor Assembly and Testing (OSAT) unit and a Printed Circuit Board (PCB) manufacturing unit - that were initially sanctioned for Kongara Kalan and Warangal, respectively.