Beyond China: Indian Electronics Giants Forge New Asian Partnerships

With the deadline for India’s electronics component manufacturing scheme fast approaching, top domestic players—including Dixon Technologies, Amber Enterprises, PG Electroplast, Epack Durable, Bhagwati Products (Micromax), and Optiemus—are finalising joint ventures with partners from South Korea, Taiwan, and Japan.

This strategic pivot comes in response to India’s restrictive stance on Chinese investments, particularly under Press Note 3 regulations introduced in 2020, which mandate multi-ministerial clearance for any Chinese FDI. Heightened geopolitical tensions and China’s recent export curbs on rare earth magnets have further prompted Indian firms to diversify their global alliances.

Instead of engaging in direct Chinese collaborations, many companies are exploring technical tie-ups, minority stake arrangements, and capital partnerships with non-Chinese firms.

“Amber will submit a ₹4,000 crore application under the component manufacturing scheme, to be invested over the scheme’s duration,” said Jasbir Singh, CEO of Amber Enterprises.

Dixon Technologies, a leading smartphone contract manufacturer, is also in the final stages of JV discussions with South Korean and Taiwanese firms, confirmed Managing Director Atul Lall.

News by Rahul Yelligetti.