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flag India's PCB industry to grow 45% annually through 2029, fueled by government incentives and rising domestic demand.

flag India's printed circuit board industry is set for rapid growth, projected to expand at a 45% annual rate through 2029, driven by government incentives, rising domestic electronics demand, and a push to reduce import reliance. flag The market, currently valued at $5 billion with 88% imports, is expected to grow from $600 million in FY24 to $3.8 billion by FY29, supported by the $2.6 billion Electronics Component Manufacturing Scheme, which has approved $1.5 billion in investments across 24 projects. flag Demand for advanced multilayer and flexible PCBs is surging, fueled by automotive and telecom sectors. flag Major domestic firms are investing billions in high-density PCB production, while policies aim to boost local manufacturing of components and raw materials, helping shrink India’s electronics trade deficit.

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