The Indian government has approved investments worth Rs 418.63 billion under the Electronics Component Manufacturing Scheme. The move aims to strengthen domestic production, reduce import dependence, and boost India’s position in the global electronics supply chain, supporting the country’s vision of becoming a hub for advanced manufacturing.
The Ministry of Electronics and Information Technology announced that the government has approved investments totaling Rs 418.63 billion under the Electronics Component Manufacturing Scheme. This initiative is designed to accelerate domestic production of key electronic components, enhance self-reliance, and attract global players to India’s growing technology ecosystem.
Key highlights from the announcement include
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Government approval of Rs 418.63 billion investments under the scheme.
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Focus on strengthening domestic manufacturing of semiconductors, displays, and critical electronic components.
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The initiative aims to reduce dependence on imports and enhance supply chain resilience.
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Investments are expected to generate employment opportunities and boost local industry capabilities.
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Industry experts note that the scheme aligns with India’s broader “Make in India” and “Digital India” missions.
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The move is expected to attract global technology firms and encourage joint ventures with Indian companies.
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Analysts highlight that the scheme will play a crucial role in positioning India as a competitive electronics manufacturing hub.
The government’s approval underscores its commitment to building a robust electronics ecosystem. By supporting large-scale investments, India is taking decisive steps toward technological self-reliance and global competitiveness in advanced manufacturing.
Sources: Reuters, Economic Times, Business Standard