Govt Approves New ₹7,712 Cr Push Under Electronic Component Scheme

The Central Government has approved a fresh ₹7,712 crore tranche under the Electronic Component Manufacturing Scheme, marking a major boost for India’s electronics industry. According to IT Secretary S. Krishnan, this approval comes from 17 out of 249 applications, signalling growing confidence in the country’s manufacturing ecosystem.

In a New Delhi event on November 17, Krishnan noted that this round includes the first-ever investment commitment from Jammu and Kashmir, alongside firms based in Uttar Pradesh, Madhya Pradesh, Karnataka, Maharashtra and Tamil Nadu.

Among the notable approvals: Aequs Consumer Products Private Limited with a ₹1,500 crore investment projecting ₹7,669 crore in production; TE Connectivity India with ₹612 crore; Jabil Circuit at ₹957 crore; Zetchem with ₹55 crore; Micropack Pvt with ₹54 crore; Uno Minda at ₹264 crore; Syrma Mobility with ₹250 crore; and Meena Electrotech from J&K with ₹111 crore, among others.

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Krishnan emphasised that the scheme’s core objective is to deepen the electronics value chain in India. “World is looking at diversification of value chains, and India is a key player in that,” he remarked, highlighting the strategic push for local manufacturing.

Union IT Minister Ashwini Vaishnaw underlined his three priorities: “we have to develop our design teams whatever may be the hard‑work … Secondly, our concentration has to be on six sigma quality in every product you manufacture … the focus should be on developing Indian suppliers and ensure they meet quality standards.” He reaffirmed the government’s commitment to long‑term success through continuous engagement with manufacturers.

This tranche reflects India’s rising stature as a manufacturing hub and shows how the Electronic Component Manufacturing Scheme is catalysing both capital investment and global supply‑chain diversification.