SFO Technologies with Rs 2,000 crore investment in Kerala

Thiruvananthapuram: SFO Technologies, the largest electronics exporter in India, has announced a new investment of ₹2,000 crore in Kerala. This news was shared by Industrial Minister P. Rajeev through his Facebook post. He stated that this will directly generate 5,000 jobs in the first phase.

SFO Technologies, based in Kochi, has been involved in manufacturing radar systems for the Rafale fighter jets, including the indigenously developed advanced wired structures for the RBE2 AESA radar systems.

Facebook post

"Sharing the joy of announcing a new investment project worth Rs 2,000 crore by SFO Technologies in Kerala. This is the largest investment Kerala has received in the fields of electronics design & manufacturing and software development, made during the first-ever TradeEx Kerala meet organised by us. This unit, which is being set up primarily to serve industries in the gas & oil sector as well as the aerospace & defense sector, will visibly create around a thousand jobs in its initial phase itself.

The related investment memorandum was handed over by Nest Group Chairman Mr. N. Jahangir to the Additional Chief Secretary of the Industries Department, Mr. APM Mohammed Haneesh IAS. “The industrial-friendly environment in Kerala is the reason the company is making its new investment in Kerala itself,” said Jahangir, which is recognition not only for Kerala but also for this government."