New Delhi, Feb. 29 -- Domestic electronics manufacturing is likely to see a ramp up of local value addition, in terms of components being made locally-instead of only the final product being assembled here. This is being done by localizing non-semiconductor components, which account for roughly half of the bill of materials (BoM) cost of a mobile phone. This can lead to domestic component value of up to 30% of the cost of a device, said Sunil Vachani, founder and executive chairman of Noida-headquartered contract manufacturer, Dixon Technologies, in an interview with Mint.
To do this, the industry is seeking a production-linked incentive (PLI) scheme for component manufacturing, even as Vachani believes that contract manufacturers should...
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