New Delhi, March 31 -- The trade agreements recently signed by India with the US, EU, EFTA countries (Switzerland, Norway, Iceland & Liechtenstein), UK, & GCC have opened up never-before-seen opportunities for the Indian electronic contract manufacturing sector.

Among competing countries, India has the lowest tariff rate at ~18%. Comparatively, Indonesia's tariff is ~19%, Vietnam (~20%), Malaysia (~20%), Taiwan (~32%), China (~ 34%+ additional duties) and Sri Lanka (~ 44%).

This means lower landed costs for Indian-made PCBs, subassemblies, and consumer electronics - improving competitiveness versus Chinese, Vietnamese, and Mexican suppliers.

This, coupled with the intent of global companies to diversify their supply chain, clearly offe...