Companies want separate 3% PLI incentives for PCB assembly
In fact, it said China, the world’s largest electronics producer, could be importing 30% of India made PCBAs in the future.
Synopsis
In a letter written to the Ministry of Electronics and IT (MeitY) on December 19, the India Cellular & Electronics Association (ICEA) sought a Rs 15,000-crore incentive package strictly for export of PCBAs and barring of products such as mobile phones and laptops which are already claiming PLI.
New Delhi: Electronics manufacturers have urged the government to introduce a separate production-linked incentive (PLI) of 3% on assembly of printed circuit boards (PCBs), which presents an export opportunity of $109 billion, second only to mobile phones, over the next five years.