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HDI (high density interconnect) PCB localisation
What it is
High Density Interconnect printed circuit boards use microvias and fine-line traces to pack more circuitry into less area, and are essential for phones, wearables and advanced electronics. India has historically imported them
Multi-layer and HDI PCB plants are being built under ECMS approvals, with several slated to commission from FY27
Impact on industries
- PCBs are the largest single imported input in most electronic products, so localisation moves real value onshore rather than at the margin
- ECMS incentives and customer pressure for local content give the investment a defined demand base before commissioning
- Technically demanding and capital-heavy, competing against entrenched Chinese and Taiwanese producers with scale and decades of process learning
- Qualification with global brands takes years, so plants carry fixed cost well before they reach useful utilisation