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Beyond Borders: India’s EMS Titans Forge East Asia Alliances for $2.68 Billion Component Drive

Updated: July 11, 2025 09:47

Image Source : Roots EMS
India’s leading electronics manufacturing services (EMS) firms are pivoting sharply toward East Asia, sealing strategic partnerships to meet a $2.68 billion component sourcing and production target under the government’s electronics component manufacturing scheme.
 
Strategic Shift and Key Players
  • Top EMS firms including Dixon Technologies, Amber Enterprises, PG Electroplast, Epack Durable, Bhagwati Products (Micromax), and Optiemus are finalizing joint ventures with partners from South Korea, Taiwan, and Japan.
  • The move comes amid India’s restrictive stance on Chinese FDI under Press Note 3 and recent Chinese export curbs on rare earth magnets.
Investment and Expansion Plans
  • Amber Enterprises plans to submit a ₹4,000 crore application under the component scheme, with phased investments across multiple facilities.
  • Dixon Technologies is in advanced talks with South Korean and Taiwanese firms to bolster smartphone and IT hardware manufacturing.
Geopolitical and Policy Drivers
  • The partnerships reflect India’s China+1 strategy and aim to reduce dependency on Chinese supply chains.
  • The deadline for the component scheme is fast approaching, prompting accelerated dealmaking and capital deployment.
Industry Outlook
  • India’s EMS market, currently valued at $20 billion, is projected to grow at 32 percent CAGR through 2026.
  • Foxconn and Pegatron have already announced plans to double operations in India, signaling global confidence in the country’s manufacturing ecosystem.
This East Asia pivot marks a defining moment in India’s bid to become a global electronics hub, blending geopolitical caution with industrial ambition.
 
Sources: Aranca, Projxnews, Economic Times, CNBC TV18.

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