Proposed ₹1.27 lakh crore Semicon 2.0 could accelerate India’s EMS localisation
Semicon 2.0 and a proposed mobile-phone manufacturing scheme could spur domestic module and PCB investments over the next two to five years. Motilal Oswal flags Dixon Technologies, Amber Enterprises, Cyient DLM and Syrma SGS as potential beneficiaries through stronger localisation and margins.
Proposed Semicon 2.0 and Mobile Phone Manufacturing Scheme could expand India’s electronics supply chain, supporting module and PCB investments. Motilal Oswal expects Dixon Technologies, Amber Enterprises, Cyient DLM and Syrma SGS to benefit through improved margins and localisation.
Why this matters
The outlook extends Dixon’s recent 51:49 Vivo India JV, cleared under Press Note 3, and follows a broader wave of electronics JVs with Korean, Taiwanese and Japanese partners to reduce China reliance.
Retail-company signals are accelerating, up +993300% QoQ.