2 weeks ago

India Clears 31 Electronics Component Proposals Worth Rs 7,877 Crore

India Clears 31 Electronics Component Proposals Worth Rs 7,877 Crore
ECM Scheme: Govt. Cleared 31 Investment Proposals Worth Rs 7,877 cr · deccanchronicle.com

The Indian government wants more electronic parts to be made inside India.

It has a special plan called the electronics component manufacturing scheme.

Under this plan, companies ask for permission to build factories.

The government just said yes to 31 new proposals.

These proposals are worth about Rs 7,877 crore, which is a huge amount of money.

The new factories will be built in 10 different states.

They will make parts like computer chips and other electronic components.

This will create about 10,000 new jobs for people.

It will also help India make more of its own electronics instead of buying them from other countries.

Key facts

Scheme
Electronics Component Manufacturing (ECM) Scheme
Proposals cleared
31
Investment value
Rs 7,877 crore
Total proposals received
Rs 69,548 crore
Target investment
Rs 59,350 crore
States covered
10
Expected production output
Rs 82,243 crore
Expected jobs
Close to 10,000

Quotes

S. Krishnan

IT Secretary, Ministry of Electronics and Information Technology

“We have received a total investment proposal of Rs 69,548 crore, against a target of Rs 59,350 crore.”
deccanchronicle.com

Sources

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