Electronics industry urges govt to persist with supportive policy as US-China ties ease - The Economic Times
India’s electronics industry has urged the government to continue its supportive policies as geopolitical dynamics between the United States and China begin to ease. Industry leaders emphasized that sustained policy backing—such as incentives under the Production-Linked Incentive (PLI) scheme, import duty protection, and infrastructure development—will be crucial for maintaining India’s manufacturing momentum. They noted that India has made significant progress in attracting global electronics firms, but the sector remains vulnerable to global trade realignments. With China slowly regaining trade favor and the U.S. exploring new cooperation, Indian manufacturers fear a potential slowdown in investment unless domestic support continues. The industry believes that stable policies, export promotion, and consistent taxation will help India solidify its position as a global electronics manufacturing hub, ensuring long-term growth and competitiveness in a rapidly evolving global market.
The Key points
- Electronics sector requests continued policy support from Indian government.
- Industry highlights importance of Production-Linked Incentive (PLI) schemes.
- Geopolitical easing between U.S. and China impacts India’s trade advantage.
- Manufacturers seek stable tax and import duty structure.
- India emerging as key global electronics manufacturing hub.
- Consistent government incentives vital for long-term industry growth.
- Firms urge faster approvals and simplified compliance processes.
- Global brands increasingly investing in India’s electronics ecosystem.
- Policy consistency needed to sustain investor confidence.
- Industry calls for enhanced export infrastructure and logistics support.
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