The government has approved seventeen projects with a total investment of about seven thousand one hundred and seventy two crore rupees under the Electronics Component Manufacturing Scheme. This marks a major step in India’s plan to strengthen high value electronics production. The approved projects are expected to generate cumulative production worth sixty five thousand one hundred and eleven crore rupees.
At the event announcing the second tranche of approvals, the Minister for Electronics and IT, Ashwini Vaishnaw, said, “You have shown the way on how India will become major electronics manufacturing hub.” He stressed that long term success will require strong design teams, strict adherence to six sigma quality standards, and close partnerships with local suppliers. He added that quality systems will play a central role in the evaluation process.
Vaishnaw also highlighted the increasing complexity of global dynamics. He said, “The way geo politics and geo economics is emerging, the challenges will be bigger and in those challenging period your ability to have good supply chain control will define your resilience and ability to compete in difficult times.” He further noted that a new skilling framework for electronics manufacturing is being prepared.
With the latest approvals, the total number of projects under the scheme has increased to twenty four. The companies involved include Jabil Circuit India, Aequs Consumer Products, Uno Minda, ASUX Safety Components India, Zetfab India, TE Connectivity India and Meena Electrotech, among others. The approved categories span camera modules, connectors, multi layer printed circuit boards, oscillators and enclosures. The projects will be spread across nine states.
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