Photo: cfo.economictimes.indiatimes.com
India Greenlights ₹5,500 Crore for Electronics Manufacturing Expansion
India has approved ₹5,500 Crore for the expansion of electronics manufacturing, marking a strategic move to strengthen its domestic electronics sector under the Electronics Components Manufacturing Scheme.
- Union Minister Ashwini Vaishnaw announced the approval of seven projects under the Electronics Components Manufacturing Scheme, totaling over ₹5,500 Crore to enhance Indias electronics manufacturing capabilities.
- The initiative aims to establish a robust domestic base for high-value components, including Printed circuit board production, thereby supporting large-scale manufacturing in India.
- The funding reflects a commitment to reduce reliance on imports and bolster the Information technology sector by developing local manufacturing for essential components.
Por Qué Es Relevante
This investment in electronics manufacturing not only aims to create a self-sufficient ecosystem in India but also positions the country as a competitive player in the global electronics market, driving economic growth and job creation.