In a significant boost to domestic electronics manufacturing, the Government of India has approved 29 projects under the Electronics Component Manufacturing Scheme, with a total investment of ₹7,104 crore. This move aims to strengthen local production and lessen reliance on imports.
According to the Ministry of Electronics and Information Technology, the approved projects are expected to create over 14,000 jobs and generate output worth ₹84,515 crore.
The approvals include important segments such as capital goods, display modules, relays, and lithium-ion cells. Notably, India will also get its first manufacturing facility for rare earth permanent magnets, which are essential for electronics and clean energy technologies.
Officials stated that this initiative marks a major step toward building a strong domestic electronics ecosystem and improving capabilities in critical components.
With this round of approvals, total investments under the ECMS have surpassed ₹61,000 crore, exceeding the initial target and showing strong industry involvement.
This development is part of the government’s larger push to make India a global electronics manufacturing hub through the Make in India initiative.
