PCB Manufacturers in India: an overview
The main government support for bare-board makers is the Electronics Component Manufacturing Scheme, whose guidelines MeitY released in April 2025 with an outlay of ₹22,919 crore covering FY2025-26 to FY2031-32. A multilayer PCB project needs a cumulative investment of at least ₹50 crore and earns a turnover-linked incentive that starts at 6% for boards of up to six layers and 10% for eight layers or more. HDI, MSAP and flexible boards have a ₹1,000 crore threshold and also qualify for a 25% capital incentive. In March 2026 the ICEA chairman cited a Budget announcement raising the outlay to ₹40,000 crore.
The first seven approvals, announced in October 2025 and worth ₹5,532 crore, included multilayer PCB plants by Kaynes Circuits, Syrma Strategic Electronics and Ascent Circuits, plus a ₹1,684 crore HDI project by Kaynes in Tamil Nadu. The minister said the approved plants would meet about 20% of domestic PCB demand. A November 2025 tranche named nine more multilayer PCB applicants, among them Hi-Q Electronics, AT&S India and Micropack, and a January 2026 tranche added nine PCB and HDI projects, including BPL, CIPSA-TEC and Shogini Technoarts. MeitY puts copper-clad laminate at about 30% of a PCB's bill of materials.
Existing fabrication sits in a few clusters. AT&S runs its Indian plant at Nanjangud near Mysuru and describes it as the country's first maker of HDI boards. Near Bengaluru, BPL's Doddaballapura factory is rated for 600,000 sq m of single-sided and 24,000 sq m of double-sided and multilayer boards a year, and Micropack in Jigani makes boards of up to 38 layers with 30,000 sq m of annual capacity. Gandhinagar's GIDC Electronics Estate houses PCB Power and Ronak Circuits, while Hosur has Hi-Q and Ascent Circuits, which Amber Group plans to expand by up to 840,000 sq m a year in two phases.