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India's PCB Leap: Beyond Subsidies
29 Nov
Summary
- India imports nearly 88% of its Printed Circuit Board demand.
- Government approves $664M for Electronics Components Manufacturing.
- PCB market to reach $100-120 billion by 2030.
India is making a significant pivot in its electronics strategy, aiming to manufacture high-value internal components rather than just assembling finished products. The recent approval of Rs 5,532 crore for the Electronics Components Manufacturing Scheme (ECMS) is a key step. However, the nation's Printed Circuit Board (PCB) sector faces a substantial challenge, importing approximately 88% of its $4.2 billion demand for FY24-25.
To achieve true electronics self-reliance, India must go beyond existing incentives like the PLI scheme. Critical areas needing intervention include reducing the cost of imported raw materials like copper foil and specialty chemicals, boosting investment in advanced PCB fabrication R&D, and developing a skilled workforce trained in precision manufacturing techniques.
Furthermore, a unified framework to coordinate central and state-level incentives is essential to streamline investment and operations. By addressing these capability gaps, India can build a robust PCB ecosystem and capture a significant share of the global market, projected to reach $100-120 billion by 2030, transforming itself into a hub for high-value electronic components.
