India: Unlocking the Future of Electronics Manufacturing

India: Unlocking the Future of Electronics Manufacturing

India is rapidly emerging as a global hub for electronics manufacturing, fueled by favorable trade shifts and proactive government initiatives. With global companies re-evaluating their supply chains and seeking alternatives to China, India offers a compelling opportunity for electronics production and export.

India's short-term edge lies in its improving logistics infrastructure. For instance, Chennai Airport now clears electronics shipments in as little as four hours. This fast customs processing is helping Indian manufacturers fulfill urgent U.S. orders, setting a strong precedent through May. The immediate challenge—and opportunity—is to formalize trade relations. India must negotiate a bilateral trade deal with the U.S. to lock in lower tariffs and stay ahead of rivals like Vietnam and Mexico.

Beyond the short-term window, the government’s Production-Linked Incentive (PLI) schemes are driving massive investment in sub-assembly units like camera modules, PCBs, and display panels. These units can scale operations in just 3–6 months, accelerating India’s integration into global supply chains. India's upcoming Semicon 2.0 policy further highlights the country’s ambition to grow its semiconductor manufacturing capabilities—a critical step for high-tech self-reliance.

Major global tech brands like Apple and Samsung are scaling up Indian operations—not just for assembly, but as full-fledged supply chain bases. However, India must improve regulatory clarity and simplify compliance processes to attract more global capital.

India enjoys a significant tariff advantage over China. Combined with its massive and growing domestic market, this creates a two-pronged engine for growth. Yet, the pressure from Southeast Asia and Mexico means that India must act fast to solidify its position. The electronics industry in India is expected to surge from USD 140 billion to USD 500 billion by 2030, with mobile phone exports alone targeting USD 100 billion.

With the right mix of reforms, trade agreements, and ease-of-doing-business improvements, India is well-positioned to become a leading global manufacturing powerhouse in the coming decade. The next 90 days are pivotal—but the next 10 years hold exponential potential.

Top Companies Benefiting from the Electronics Manufacturing Boom Dixon Technologies Founded in 1993, Dixon is a leading EMS player producing consumer electronics, lighting, CCTVs, and mobile phones. It has recently entered a joint venture with Imagine Marketing to build wireless audio solutions in India. MIRC Electronics (ONIDA) Known for the ONIDA brand, MIRC manufactures TVs, washing machines, and air conditioners. It is expanding into EMS for OEMs and new product lines like air coolers and dishwashers. Kaynes Technology This end-to-end ESDM company offers services from design to lifecycle support, and is advancing into semiconductor assembly (OSAT) and HDI PCBs. It caters to automotive, aerospace, medical, defense, and IoT sectors. Amber Enterprises Founded in 1956, Amber holds over 29% of India’s room air conditioner market. It provides complete solutions, from RAC units to motors, PCBAs, and heat exchangers, making it a leader in AC manufacturing for OEM/ODM clients

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