By Prama India
We at PRAMA India hail and welcome the Union Budget 2026-2027, which has a progressive roadmap to India’s Electronics Manufacturing ecosystem. The Union Budget has a strong focus on ‘Atmanirbhar Bharat’ (Self-reliant) to give the much-needed boost to the indigenous manufacturing sector. It is a definitive budget with a “Viksit Bharat” (developed India) blueprint.
This visionary and growth-oriented budget has a strong focus on boosting the domestic manufacturing ecosystem through an expanded ` 40,000 crore outlay for electronics components. The scheme targets key components like display modules, camera sub-assemblies, printed circuit board assemblies (PCBAs), lithium cell enclosures, resistors, capacitors, and ferrites essential for consumer electronics goods and systems.
The budget aspires to give a major boost to the electronics manufacturing sector. The budget provides increased incentives for components like camera sub-assemblies, PCBAs, and sensors. The budget shows exemplary focus on AI & Technology by allocating a ` 500 crore outlay for AI centers of excellence, encouraging AI-powered surveillance. The other incentives are infrastructure growth, expanded, high-speed connectivity for rural areas and smart cities. The budget has offered customs duty exemptions on critical materials. We appreciate the budget as the government’s core intent to boost the electronics manufacturing sector.