Budget 2026 mein government ne electronics sector ko ek bada boost diya hai. Finance Bill, 2026 ke according, TV, microwave aur doosre consumer electronics ke liye zaroori imported components par concessional aur zero customs duty ko 2 saal ke liye extend kar diya gaya hai, ab yeh March 2028 tak valid rahega. Yeh move immediate price hikes ka risk kam karega aur domestic manufacturers ke liye 'Make in India' initiative mein cost competitiveness banaye rakhega.
Is duty extension ka sabse bada faayda TV manufacturers ko hoga. Jaise ki, open cell panels jo TV banane ka lagbhag 70% cost hote hain, un par yeh benefits milenge. Dixon Technologies ke Chairman, Sunil Vachani ne bhi kaha tha ki agar yeh extension nahi hota, toh Indian manufacturers global market mein competitive nahi reh paate. Government ne 102 out of 124 product categories par yeh benefits diye hain, jo poore electronics ecosystem ko support karega.
Sirf duty cut hi nahi, Budget 2026 ne electronics sector ke liye aur bhi bade plans bataye hain. Electronics Component Manufacturing Scheme (ECMS) ka budget lagbhag double karke ₹40,000 crore kar diya gaya hai. Iska goal hai PCBs, camera modules jaise components mein domestic value addition badhana. Aur toh aur, India Semiconductor Mission (ISM) 2.0 bhi launch kiya gaya hai, jisse indigenous intellectual property aur technology develop ho sake. Yeh sab India ko sirf assembly karne se aage badha kar global supply chain mein value add karne mein help karega.
Dixon Technologies, jo Electronic Manufacturing Services (EMS) sector mein ek bada naam hai, is policy change se kaafi faayda utha sakti hai. Early 2026 mein company ki market capitalization lagbhag ₹63,000 crore thi aur P/E ratio 40-44 ke aas paas tha. Iske competitors mein LG Electronics India, Voltas Ltd., aur Amber Enterprises India Ltd. jaise players hain. Dixon ne apne Q3FY26 results mein revenue growth aur margin expansion dikhaya hai, aur company laptop, PC aur lighting ke liye JVs bhi kar rahi hai, sath hi display module production ke liye partnerships bhi dhoondh rahi hai, jo budget ke localization goals se match karta hai.
February 1, 2026 ko jab yeh announcements hui, toh EMS stocks, jisme Dixon bhi shamil hai, 3% to 6% tak badh gaye. Yeh tab hua jab ki overall market mein STT increase ko lekar thodi negative sentiment thi. Generally, budget days par market mein volatile reactions dekhe jaate hain. Lekin electronics manufacturing par yeh consistent policy focus, ECMS aur ISM 2.0 jaise measures ke sath, ek long-term positive trend dikhata hai. Yeh sab policies import dependence kam karne, cost competitiveness badhane aur global value chains mein India ki position strong karne mein help karegi. Dixon Technologies ke liye yeh supportive environment aur unke expansion plans sustained growth dikha sakte hain.