Govt Approves 17 Projects With ₹7,172 Cr Investment under Electronics Component Manufacturing Scheme

The government on Monday approved 17 projects entailing about ₹7,172 cr investment across six categories under the Electronics Component Manufacturing Scheme (ECMS), underlining India's resolve and its decisive push into producing high-value components.

These projects will lead to production worth ₹65,111 crore cumulatively.

"You have shown the way on how India will become major electronics manufacturing hub," Minister for Electronics and IT, Ashwini Vaishnaw said at an event announcing the second tranche of approvals.

To achieve long-term success, India will have to focus on building design teams, ensuring six sigma quality standards in all products, and partnering with 'Swadeshi' suppliers in projects.

Quality systems will be key part of evaluation process, the minister added.

"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," Vaishnaw said.

He also said that a new skilling framework for electronics manufacturing is in the offing.

The 17 projects greenlit now in the second tranche, bring total projects under the scheme to 24.

The players included Jabil Circuit India, Aequs Consumer Products, Uno Minda, ASUX Safety Components India, Zetfab India, TE Connectivity India, and Meena Electrotech, among others.

The categories include camera module, connectors, multi-layer PCB, oscillators, enclosures among others and are spread across nine states.