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PCB Manufacturing: A Great Opportunity for MSMEs in India

Electronics Manufacturing Industries

By Minati NahakPublished 3 years ago 2 min read
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India is one of the largest and fastest-growing electronics markets in the APAC region. PCBs are in high demand in almost every electronic product, from computers, laptops, smartphones to industrial equipment, medical equipment, and more. has grown rapidly in India over the last ten years. The Indian PCB market is expected to grow by 2024. Will reach 6.33 billion. USD and CAGR rose 17.9%. The increase in the urban population, the rising standard of living, and the pressure of the government to digitize are expected to expand the market.

Currently, only 35% of PCB applications in India are satisfied with domestic products. India mainly imports PCBs from countries such as China, Korea, the US, and others. After the recent coronavirus outbreak, as India faced challenges with imports of its raw materials and commodities, the government decided to increase domestic production and minimize import dependence to make India independent.

Under the West Atminirbar Program, the government has announced several initiatives to promote local production by providing special grants to SMEs, which are the majority of the country's manufacturing industry. With a vision to help MSME meet its working capital needs, the government has allocated $ 50,000 million on behalf of the fund. The government has clarified the definition of MSME to enable them to receive more national assistance. The government has also introduced a 10% import duty on STDs, which helps reduce imports and thus increase domestic production.

There are several PCB companies in India at the moment. No more than 500 SMEs are producing PCBs in the country. Given the very low demand and supply of STDs in the country, then this is the best time for companies to invest and start producing STDs in India. However, starting PCB production by setting up a factory does not require the help and experience of PCB consultants.

Due to its extensive network of electronic consultants, including PCB consultants, electronic design consultants, and more, SolutionBuggy can assist with plant preparation and PCB expansion. If you are planning to set up a PCB system, sign up for SolutionBuggy, although it is a market leader in India. SolutionBuggy helps you fully meet your needs from factory installation, product development, quality control to certification, approval, packaging, and distribution.

Mumbai Company, which plans to start the PCB manufacturing industry, is looking for a PCB consultant to assess project costs, machine requirements, government regulations, and more. , machine requirements, compliance, etc. to help them organize the PCB system. This is just one example of SolutionBuggy's contribution to the Indian manufacturing sector. Also, SolutionBuggy has implemented more than 600 consultancy projects in the electronics industry.

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  • Peter Johnson7 months ago

    By now, you should possess significant expertise in PCB design. The production of 6-layer or 4-layer PCBs is pivotal in determining the success of electronic devices. It empowers you with optimal power and flexibility to effortlessly configure stack types for your designs. Our capability to produce boards of varying thicknesses ensures we can cater to diverse customer needs. Our team of seasoned 6-layer PCB manufacturing experts at https://uetpcb.com/6-layer-pcb-manufacturer/ excels at providing solutions that preempt issues in earlier stages. When it comes to trust, we are the dependable 6-layer PCB manufacturer you can rely on.

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