Kaynes Tech unit to invest $570 million in India’s Tamil Nadu state

(Reuters) -Kaynes Technology India said on Monday its unit will invest roughly 49.95 billion rupees ($570.40 million) over the next six years in the southern state of Tamil Nadu.

Kaynes Circuits India Pvt Ltd’s investment will fund capacity additions and also set-up new projects in the state, the company said.

($1 = 87.5700 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)