2 weeks ago
India Clears 31 Electronics Component Proposals Worth Rs 7,877 Crore
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.
The government cleared 31 investment proposals worth Rs 7,877 crore under the electronics component manufacturing (ECM) scheme.
Total investment proposals received reached Rs 69,548 crore against a target of Rs 59,350 crore.
The fresh tranche of investment will be spread across 10 states.
The approvals are expected to generate production worth Rs 82,243 crore and close to 10,000 jobs.
The scheme aims to scale up fabrication, assembly, testing and semiconductor production in India's electronics ecosystem.
- Who
- IT secretary S Krishnan and the Ministry of Electronics and Information Technology (MeitY)
- What
- Cleared 31 investment proposals worth Rs 7,877 crore under the electronics component manufacturing scheme
- Where
- New Delhi, India
- When
- Monday, at an event jointly organised by Elcina and MeitY
- Why
- To scale up production in fabrication, assembly, testing and semiconductors in India's electronics ecosystem
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







