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The Indian government has given the green light to 17 new electronics component manufacturing projects. This strategic move is set to bolster domestic capabilities within the sector, aligning with the broader goal of fortifying India's position in global supply chains and curtailing reliance on imported components.
These newly approved initiatives represent a significant investment of ₹7,172 crore. It is anticipated that these endeavors will create approximately 11,800 jobs across the nation. The projects include a mix of both well-established domestic firms and international manufacturers, each engaged in producing essential electronic components.
The approved list of applicants encompasses companies focused on manufacturing a variety of components, including multi-layer PCBs, camera modules, connectors, oscillators, and optical transceivers. A diverse array of major players, from global manufacturers to Indian suppliers, are set to participate in this initiative, enhancing capabilities in areas such as smartphones, wearables, telecom equipment, and electric vehicle systems.
Officials have emphasized that this scheme is poised to integrate India more deeply into the global electronics value chain. The expected output from these projects is valued at ₹65,111 crore. The government is stressing the importance of strong design teams, adherence to quality standards, and collaboration with local suppliers to ensure resilience amid shifting geopolitical landscapes.
The approval of these 17 projects, with an investment of ₹7,172 crore, is expected to generate about 11,800 jobs and support the production of key components such as camera modules and PCBs, contributing an estimated production worth ₹65,111 crore. This initiative is a part of a larger, long-term plan to expand electronics manufacturing to $500 billion by the 2030–31 period.
In conjunction with previous approvals, this current set of projects supports the ongoing transition from mere device assembly to a more profound focus on component and sub-assembly production. This shift is essential for reinforcing India's ambition for a self-reliant electronics manufacturing ecosystem.
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