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Feb 12, 2025

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India Offers Tax Relief to Foreign Tech Experts to Boost Electronics Sector

India is making strides to strengthen its position as a global electronics manufacturing hub, and the recent budget has introduced tax reforms aimed at attracting foreign tech experts and supporting the electronics industry. These measures are expected to drive growth, innovation, and investment in the sector, further solidifying India’s role in the global supply chain.   Presumptive Taxation for Foreign …

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India's Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27

India’s Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27, Driven by Government Initiatives

India’s electronic manufacturing services (EMS) market is on a robust growth trajectory, expected to surge from $17.5 billion in FY22 to $72.2 billion by FY27, reflecting a compound annual growth rate (CAGR) of 32%, according to a recent report by Motilal Oswal Financial Services. This remarkable expansion is fueled by a series of government initiatives aimed at boosting the domestic …

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India Must Aim for $500 Billion Electronics Manufacturing Boom by 2030: NITI Aayog’s Bold Vision!

India should aim for $500 billion in domestic electronics manufacturing by 2030, the NITI Aayog has said in a report recommending specific policy measures like tariff rationalisation and skilling. Growth in electronics manufacturing would create employment for about 6 million people, said the central government’s think tank on Thursday. “Global Value Chains (GVCs) are critical in modern manufacturing, involving international …

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