By Mr Imran Kagalwala, Co-Founder at UNIX India
“The Union Budget 2025 sends a strong message about the central role of MSMEs in driving India’s electronics manufacturing sector. By prioritizing MSME growth, the government is laying the foundation for a more resilient domestic production ecosystem. While the anticipated anti-dumping duty on final products like mobile accessories was not introduced, revisions in Basic Customs Duty (BCD) on raw materials are expected to strengthen the domestic supply chain and reduce import dependency.
A key highlight is the government’s commitment to fostering innovation and supporting both private-sector R&D and MSMEs. To further enable growth, investment and turnover limits for MSME classification have been increased by 2.5 times and 2 times, respectively, improving access to capital and mitigating technology obsolescence. Additionally, the National Manufacturing Mission, aligned with the Make in India initiative, is set to accelerate local production, enhance competitiveness, and position India as a strong player in global electronics manufacturing. Together, these measures signal a forward-looking approach that promotes sustained growth, technological advancement, and a more self-reliant electronics industry in India”.