DGFT Curbs On Gold Imports Rattles Electronics Industry

ENA Sectors 2025-07-07 14:35:01 New Delhi, July 7 (KNN) Indias electronics industry has raised strong objections to the governments recent restrictions on the import of gold compounds, warning of disruptions to production lines and potential setbacks to domestic manufacturing. In an order dated June 17, the Directorate General of Foreign Trade (DGFT) moved colloidal precious metals and compounds, including potassium gold cyanide (PGC), from the free to restricted import category. As a result, customs authorities have begun halting consignments at ports, affecting the supply of essential inputs for printed circuit boards and other electronic components. According to The Economic Times, the Electronic Industries Association of India (Elcina) stated in a letter to the Ministry of Electronics and IT that the restricted items are used in minimal quantities for captive consumption by electronics manufacturers and do not enter the bullion trade or broader precious metals market. Echoing these concerns, the India Cellular and Electronics Association (ICEA) also wrote to the ministry, calling for immediate resolution. The association underscored that gold compounds are critical to the sectors ongoing efforts to localise component manufacturing, a cornerstone of Indias broader electronics production goals. The industrys appeal comes amid broader global supply chain pressures, including Chinas recent export restrictions on rare earth magnets — another key input for both automotive and electronics sectors. (KNN Bureau) 42708 https://knnindia.co.in/news/newsdetails/sectors/dgft-curbs-on-gold-imports-rattles-electronics-industry 2025-07-07 14:35:01 knnindia.co.in DGFT Curbs On Gold Imports Rattles Electronics Industry