India’s Electronics Manufacturing Gets Rs 41,863 Crore Boost With Tata, Motherson And Foxconn

India’s electronics manufacturing ecosystem is set for a transformative leap as the Ministry of Electronics and IT (MeitY) has approved 22 projects under the Electronics Components Manufacturing Scheme (ECMS), attracting investments worth Rs 41,863 crore. The approvals highlight the government’s push to strengthen domestic supply chains and reduce dependence on imports, with Tata Electronics, Motherson Group, and Foxconn’s India arm Yuzhan Technology leading the charge.

Key Highlights

• Mobile phone enclosures dominate the investment landscape, accounting for over Rs 27,000 crore, underscoring India’s focus on high-value smartphone components.
• The sanctioned projects are expected to generate Rs 2.58 lakh crore in production value, creating nearly 33,791 direct jobs across the country.
• Foxconn’s Yuzhan Technology emerges as a major employment driver, projected to add more than 16,000 jobs under this tranche.
• Innovative projects include India’s first anode material plant for lithium-ion cells, a laminate facility for printed circuit boards (PCB), and an aluminium extrusion unit for mobile enclosures.
• This third tranche of ECMS approvals brings the total sanctioned projects to 46, with cumulative investments now reaching Rs 54,567 crore.
• The initiative aligns with India’s ambition to become a global electronics hub, attracting Apple’s vendors and other global players to expand their footprint in the country.

Industry experts emphasize that these approvals will not only strengthen domestic manufacturing but also enhance India’s competitiveness in exports, positioning it as a viable alternative to China in the global electronics supply chain.

Sources: Financial Express, Telegraph India, Livemint