Anti-dumping duty to boost Bare PCB production: Ind-Ra
The imposition of a 30% anti-dumping duty (ADD) on bare printed circuit boards (BPCBs) will 'meaningfully' benefit domestic manufacturers in the short to medium term, India Ratings and Research (Ind-Ra) said.
Since the duty was levied in March 2024 for a period of five years, BPCB manufacturers would continue to gain from the increase in imported PCB prices and have improved utilisation of their production capacities.
The electronics industry, the main end-user, has had to brace with increased prices of 10%-15%. Although this is a short-term impact, the supply chain is expected to see a moderate structural shift in the medium to long run through setting up of capacities in India under the Make in India initiative, the rating agency said.
In the long term, the sustainability of these benefits will depend on resolving raw material supply chain challenges, particularly the continued reliance on copper-clad laminates (CCLs), which are predominantly imported from China, it added.
Establishing local CCL manufacturing would enhance margins and improve supply chain resilience, it said.
'To strengthen India's PCB manufacturing ecosystem, especially in light of ADD on BPCBs, it is essential to build a resilient raw material supply chain and capitalise on government-led incentive schemes,' said Abhash Sharma, Senior Director, Mid Corporates, Ind-Ra.
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