Why Invest in Electronic Products
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Growing demand
Household electronics consumption is projected to reach $270 Bn by 2030; smaller cities driving volume growth backed by an increase in personal disposable incomes & urbanisation.
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Growing component ecosystem
Greater backward integration happening across categories, leading to improved margins and profitability.
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Government push
PLI Support across mobile phones, ACs, LED Lighting, and IT-Hardware supporting localisation and domestic manufacturing, as well as making India competitive as an export hub.
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Opportunities
Scope for investing in R&D and new product development by leveraging India's skilled talent and building for the world.
Incentives & Schemes
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Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme
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Scheme for Promotion of manufacturing of Electronic Components and Semiconductors (SPECS)
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Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) Manufacturers in India
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Guidelines for the Operation of Production Linked Incentive Scheme - 2.0 for IT Hardware