India's electronic components demand projected to reach $240bn by 2030, with 35-40% incentives to reduce import reliance.
India's demand for electronic components and sub-assemblies is projected to reach $240 billion by 2030, with key components like motherboards, lithium-ion batteries, and camera modules central to this growth. The Confederation of Indian Industry (CII) report suggests increased incentives ranging between 35% and 40% to decrease import reliance. By 2030, the component demand is expected to support $500 billion in electronics production, up from $102 billion in 2023. Priority components such as PCBAs, enclosures, and displays are identified as high priorities, with a projected growth rate of 30%.
June 23, 2024
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