India is emerging as a leading global destination for electronics manufacturing, design, R&D, and supply-chain localisation. Strong domestic demand, export growth, government incentive programmes, semiconductor investments, and the global China+1 strategy are accelerating India's transition into a competitive manufacturing and export hub.
India's electronics production has grown nearly six-fold, from approximately US$22.8 billion in 2014-15 to US$135.6 billion in 2024-25. The country aims to build a US$500 billion electronics ecosystem by 2030-31, creating opportunities across multiple high-growth industries.
The next phase of growth will focus on localising components, sub-assemblies, capital equipment, semiconductors, and other high-value electronic parts. This creates significant potential for manufacturing facilities, export operations, joint ventures, acquisitions, and technology partnerships.
Printed circuit boards are central to India's electronics growth. The Indian PCB market was estimated at US$6.2-6.3 billion in 2024 and is projected to grow at nearly 16% annually through 2030.
Demand is expanding across smartphones, 5G, EV battery systems, automotive electronics, defence, aerospace, medical devices, industrial automation, and IoT.
Key opportunities include multilayer, HDI, flexible, rigid-flex, metal-core, high-frequency PCBs, IC substrates, and high-volume fabrication.
Asaya helps global companies turn India's market potential into a practical, compliant, and competitive business presence. Our execution-led market-entry support covers:
Evaluate market potential, competitive positioning and the right India-entry model.
Navigate regulatory, operational and compliance requirements for establishing an Indian presence.
Identify suitable manufacturing locations and support implementation and facility setup.
Find suitable Indian partners and support joint ventures, strategic alliances and collaborations.
Develop local sourcing ecosystems and identify reliable suppliers and technology partners.
Support implementation from initial strategy through manufacturing and operational execution.
Global supply chains are shifting toward diversified sourcing and reduced country dependence.
Joint ventures enable faster India entry, local partnerships, market access and scalable long-term growth.
We support greenfield projects from planning to execution, ensuring smooth setup and operations.
We help clients find the right location in India for efficient and successful operations.
Joint ventures enable faster India entry, local partnerships, market access and scalable long-term growth.
India offers a reliable, cost-effective base for diversified manufacturing and resilient global supply chains.
With deep experience in electronics, EMS, and PCB manufacturing, Asaya supports clients from strategy through execution — enabling faster entry, lower risk, and sustainable growth in India.