Electronic components demand to rise 5 times to $240 bn by 2030: CII

Demand for electronic components and sub-assemblies is estimated to grow over five-fold to USD 240 billion by 2030, including includes some of the key parts like motherboard, lithium ion batteries, camera module etc that are largely imported, a CII report released on Sunday said.

The report recommends the government to come up with revised electronic components production-linked incentive schemes with higher incentives in the range of 35-40 per cent to reduce dependence on imports.