Electronics Component Manufacturing Scheme has received investment proposals worth ₹1.15 lakh crore, exceeding initial targets.
Original investment target was ₹59,000 crore; proposals also exceed employment target of 91,600, with potential to generate 1.41 lakh jobs.
Application window for the scheme closed on September 30, though capital equipment segment applications are still open.
Electronics Component Manufacturing Scheme Gets ₹1.15 Lakh Cr Investment Proposals: Vaishnaw
He said the proposals have exceeded investment, employment and production targets multifold when compared to the goals set during formulation of the scheme
Electronics Component Manufacturing Freepik
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The Electronics Component Manufacturing Scheme has received investment proposals worth ₹1.15 lakh crore , Union Minister for Electronics and IT Ashwini Vaishnaw said on Thursday.
He said the proposals have exceeded investment, employment and production targets multifold when compared to the goals set during formulation of the scheme.
"Application window for Electronics Component Manufacturing Scheme closed on September 30. We have received investment proposals of ₹1,15,351 crore," Vaishnaw said.
He said that the government has envisaged getting investment of around ₹59,000 crore under the scheme and that the application window for capital equipment segments is still open.
Electronics and IT Secretary S Krishnan said the proposals promise to generate employment for 1.41 lakh persons compared to target of 91,600 persons envisaged under the scheme.
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