Union Budget 2024-25: Here’re key challenges in electronics & semiconductor | Economy & Policy News

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1 min read Last Updated : Jul 11 ​​2024 | 12:47 AM IS


Key challenges


 Increasing domestic value addition and balancing jobs by improving organic competitiveness


 Execution of infra needs to keep pace with sectoral growth


 Skilling and upskilling of human resources to meet quality and technical needs

Improving ease of doing business due to unclear definitions in existing policies

Industry ask


 Reduce seven tariff slabs to three to align the structure to competing electronics manufacturing nations


 Conducive regulatory and policy environment for increasing domestic value addition through supply chain localisation


 Policy continuity across critical segments to build long-term capability and capacity in India

Funding to states for faster execution of electronics manufacturing infra

chart


Simplified tariffs, increased FTAs, and enhanced ease of doing business will help build the ecosystem in the short term. Strategic geopolitical alignment will help build long-term competitiveness for India”




Sujay Shetty, Managing Director, (ESDM & Semiconductor), PwC India

First Published: Jul 11 ​​2024 | 12:47 AM IS

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