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Electronics Part Makers For Rs 72,500 Cr To Cut Imports

India will face a $248 bn deficit in electronic components by 2030. Govt support can reduce the deficit to $102 bn: Elcina

Electronics Part Makers For Rs 72,500 Cr To Cut Imports

Electronics Part Makers For Rs 72,500 Cr To Cut Imports
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9 Dec 2024 8:31 AM IST

New Delhi: Electronics component makers body Elcina has sought a Rs 72,500 crore ($8.57 billion) support package to boost local production of raw materials and cut reliance on imports, an industry official said.

Electronic Industries Association of India (Elcina), the country’s oldest industry body of the Indian electronics sector, estimates that the demand-supply deficit for inputs in the electronics segment will increase to $248 billion (about Rs 21 lakh crore) by 2030 to cater to projected $500 billion electronics production and it would be met largely by imports.

The industry body expects that the government’s support for non-semiconductor components can help reduce the deficit in the country by $146 billion (Rs 12.36 lakh crore) to $102 billion (Rs 8.63 lakh crore). Elcina Secretary General Rajoo Goel said that unlike finished products where the factory output can go up to 16 times the investment, an electronic components factory can at the most generate an output of three times the invested capital.

Elcina support package Indian electronics sector reducing import reliance electronics production deficit government support for components 
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