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Electronics Mfg Sector Face Double Whammy With Import Curb On Gold Compounds
Millennium Post Kolkata
|Kolkata 07July2025
Gold compounds are widely used in electronic components to improve flow of electric current in motherboards, semiconductors etc
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NEW DELHI: India's electronics manufacturing sector, which has been struggling with China's restrictions on rare earth magnet exports, faces a double whammy with import curbs on gold compound — a key raw material.
Rare earth magnets have diverse utility ranging from computer chips and electronic components to electric vehicles, wind turbines, and medical equipment.
Gold compounds are also widely used in critical electronic components to improve flow of electric current in motherboards, semiconductors etc.
The Directorate General of Foreign Trade (DGFT) in an order dated June 17 reclassified imports of colloidal precious metals and compounds from "free" to "restricted" category.
The development followed restrictions from China on export of rare earth magnets and specialized capital goods.
This story is from the Kolkata 07July2025 edition of Millennium Post Kolkata.
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