India's PCB Manufacturing Leap: Aiming for Self-Reliance

India aims to attract major PCB producers with an investment of Rs 20,000 crore to reduce import reliance. The industry targets a threefold expansion, generating Rs 20,000 crore in revenue and creating 95,000 jobs. Mobile devices and industrial electronics lead PCB demand, highlighting the need for local production.

India aims to slash its dependency on imported printed circuit boards (PCBs) by attracting 10-12 major PCB producers over the next five years, according to a new report from ELCINA.

The industry body suggests a Rs 20,000 crore investment to meet the growing demand, which stands at Rs 35,000 crore. Currently, 88% of PCB requirements are fulfilled through imports, primarily from East Asian countries.

ELCINA outlines a necessity for setting up extensive PCB units capable of producing millions of square meters, marking a significant stride towards achieving the government's USD 150 billion components manufacturing base target by 2030. Such expansion could generate 95,000 jobs while strengthening local supply for electronics sectors.

(With inputs from agencies.)