NewKerala.com

India Approves 22 Electronics Component Projects, Eyes Rs 41,863 Crore Investment

The Indian government has approved 22 new proposals under the Electronics Components Manufacturing Scheme, which are expected to attract investments worth Rs 41,863 crore and generate nearly 37,000 jobs. The approved projects, involving major companies like Dixon and Foxconn, will produce components across 11 segments including mobile phones and automotive electronics. This initiative aims to strengthen domestic supply chains and reduce import dependence for critical electronic parts. Industry leaders hail the move as a decisive shift from intent to execution, marking India's emergence as a credible global electronics manufacturing destination.

Key Points: India Approves 22 Electronics Component PLI Projects

  • Rs 41,863 crore investment
  • 37,000 jobs created
  • 22 approved projects
  • Strengthens domestic supply chain
2 min read

Govt okays 22 projects under electronics component PLI; Rs 41,863 crore worth investments likely

Govt approves 22 projects under electronics component PLI scheme, attracting Rs 41,863 crore investment and aiming to create 37,000 jobs.

Govt okays 22 projects under electronics component PLI; Rs 41,863 crore worth investments likely
"ECMS is a game-changer because a strong ecosystem needs components, materials and electronics value addition - not just semiconductors. - Ashok Chandak, President IESA and SEMI India"

New Delhi, Jan 2

The government on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme, which are likely to receive Rs 41,863 crore worth investments and generate nearly 37,000 direct and indirect jobs -- a move which is aimed at strengthening domestic supply chains and reducing import dependence for critical electronic components.

The output from the 22 approved projects is projected at Rs 2.58 lakh crore. The approved proposals include applications from Dixon, Samsung Display Noida Pvt Ltd, Foxconn's Yuzhan Technology India Pvt Ltd, and Hindalco Industries.

The latest approval comes in addition to 24 applications approved earlier which involved investments of Rs 12,704 crore.

According to the Ministry of Electronics and Information Technology (MeitY), this round of approvals covers manufacturing across 11 segments with applications spanning mobile phones, telecom, consumer electronics, strategic electronics, automotive and IT hardware. The projects will be set up across eight states - Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan.

Industry leaders welcomed the mov, saying that the success of the ECMS scheme marks India's decisive shift from intent to execution in electronics manufacturing.

"As 2025 concludes, India has earned global trust as a credible, investible ESDM destination. ECMS is a game-changer because a strong ecosystem needs components, materials and electronics value addition - not just semiconductors," said Ashok Chandak. President IESA and SEMI India.

The next phase must focus on scaling up, building strong design teams, local sourcing, and world-class quality in manufactured products.

"OEMs and system companies must actively adopt Made-in-India components, as demand creation is as critical as supply creation. Distributors remain key market enablers in taking Indian components across India and into global supply chains," he noted.

To further deepen the value chain, the government launched ECMS scheme in 2025.

The scheme focuses on promoting domestic manufacturing of Printed Circuit Board, electrical and mechanical components, camera modules, etc.

India has emerged as a significant electronics manufacturer and as a result of robust policy efforts, electronics manufacturing has grown almost six times in last 11 years - increasing from Rs 1.9 lakh crore in 2014-15 to Rs 11.32 lakh crore in 2024-25.

- IANS

Share this article:

Reader Comments

S
Shreya B
Great step, but execution is key. We've seen PLI schemes before. The focus must be on quality and creating a sustainable ecosystem, not just assembly. Hope the jobs created are skilled and well-paying, not just temporary contract work.
A
Aman W
Good to see the projects spread across 8 states, not just Tamil Nadu or Karnataka. This will help develop manufacturing hubs in places like Uttar Pradesh and Madhya Pradesh too. Local sourcing is crucial for long-term success.
P
Priyanka N
From ₹1.9 lakh crore to ₹11.32 lakh crore in 11 years is an incredible growth story for electronics manufacturing. This new scheme for components is the logical next step. Hope it leads to more affordable "Made in India" gadgets for us consumers! 👍
K
Karthik V
The comment from the IESA President is spot on. We need OEMs to actually use these Indian-made components. Creating supply without demand is pointless. Hope our own phone and car companies lead by example and integrate local parts.
M
Michael C
As someone working in the tech sector here, this is very promising. Building strong design teams in India is critical. We have the talent, we need the infrastructure and industry support. This could make India a true global hub, not just a factory floor.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50