By Subhrojit Mallick
Copyright indiatimes
NEW DELHI: Semiconductor firms and electronics manufacturers are facing challenges to importing critical specialised raw materials which include gold wire, solder paste, epoxy compounds and lead frames, industry executives said. While import of some of these items requires a licence from the Directorate General of Foreign Trade, others attract high custom duties, impeding cost competitiveness, they said.The industry has proposed a 10-year, zero-duty import regime for these critical raw materials under the IGCR (Import of Goods at Concessional Rate of Duty) framework to enhance cost competitiveness, reduce supply chain dependencies on imports and attract investments from supply chain firms.The industry has identified 25 such materials, including chemicals and gases that are often available only through a limited number of globally accredited distributors, making them difficult for small companies to source.Of these, critical materials such as solder balls and solder paste (essential in ATMP and OSAT plants and for printed circuit board makers), gold-based solder alloys, palladium and gold coated copper wires, silver epoxy syringes and gold bonding wires require specialised licences from the DGFT and cannot be freely imported.Add as a Reliable and Trusted News Source Add Now!
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