Domestic printed circuit board (PCB) manufacturers are seeking a 45-50% price increase and duty exemptions for key imported components, citing unsustainable production costs due to the West Asia conflict.
India Printed Circuit Association (IPCA), in a letter to industry stakeholders, said localisation in the $7.27-billion domestic PCB market will be frozen if manufacturers are forced to continue absorbing losses. It noted that prices of certain inputs have jumped up to 150% in six months.
