New Delhi, Feb. 1 -- The Union Budget 2025-26 presents severalindirect benefits for theElectronics System Design & Manufacturing(ESDM) sector, aligning with key recommendations fromIESA but has beenmuted on big announcements. Our focus onstartups, R&D, skilling,export support, and continued semiconductor manufacturing incentiveshasbeen partially addressed through multiple schemes:

The budget's provisions forMSMEsupport , Start Up's ( 5 yr incorporation and Fund of Fund) Centers ofExcellence (CoEs) in skilling and AI, and reduced Basic Customs Duty (BCD)on display panels and lithium-ion batterieswill enhancelocalvalue additionin EVs and mobile manufacturing, IT Hardware,Exportpromotion schemes, Tax certainty for electronics manufacturing,...