Key Challenges
Increasing domestic value added and balancing jobs by improving organic competitiveness
Infrastructure implementation must keep pace with sector growth
Training and retraining of personnel to meet quality and technical needs
Improving the ease of doing business by removing unclear definitions in existing policies
Industry asks
Reduce seven tariff bands to three to align structure with competing electronics producing countries
Favorable regulatory and policy environment for increasing domestic value added through supply chain localization
Policy continuity in critical segments to build long-term capacity and capability in India
Funding for states to accelerate implementation of electronics manufacturing infrastructure
Simplified tariffs, increased FTAs and improved ease of doing business will help build the ecosystem in the short term. Strategic geopolitical alignment will help build competitiveness for India in the long term”
Sujay Shetty, Managing Director, (ESDM & Semiconductor), PwC India
First print: Jul 11, 2024 | 12:47 AM IST