Electronic Components & PCB Fabrication
SPECS Scheme pushes high-layer PCBs + passives away from Chinese imports
Theme scorecard
Measures whether this idea is investable today by blending cohort quality, valuation cushion, and price momentum. It is a research filter, not advice.
Thesis
The Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) pushes high-layer PCBs and passive components (resistors, capacitors, magnetics) into domestic production. Fragmented cohort, but specific names have built export-grade IP niches — Shivalik in shunt resistors, Centum in aerospace PCBs, Kernex in railway safety electronics.
- ▸SPECS scheme subsidises component + PCB capex
- ▸Shift from Chinese imports to domestic supply
- ▸Niche IP (aerospace PCBs, shunts, safety electronics) = pricing power
- ▸Fragmented — name selection matters more than basket exposure
Top picks · ranked by U-Score within this cohort
Specialised safety electronics + PCB assemblies for railways
High-reliability PCBs + microelectronics for aerospace and defence
Global leader in shunt resistors for battery management + smart meters