Govt clears 22 electronics parts projects at Rs 42,000 crore investment - The Times of India
The Indian government has approved 22 large-scale electronics component manufacturing projects involving an investment of nearly ₹42,000 crore. These projects are part of India’s broader push to strengthen domestic electronics production and reduce dependence on imports. The approved units will manufacture key electronic components used in consumer electronics, automotive systems, industrial equipment, and communication devices. This initiative is expected to significantly boost India’s electronics supply chain, create thousands of direct and indirect jobs, and attract further private investment. By encouraging local production of high-value components, the government aims to enhance India’s position as a global electronics manufacturing hub. The projects will also support innovation, technology transfer, and skill development in advanced manufacturing processes. Officials believe this move will help improve export potential, stabilize component availability for manufacturers, and align with the “Make in India” and “Atmanirbhar Bharat” initiatives. Overall, the decision marks a major step toward building a self-reliant and globally competitive electronics ecosystem in India.
The Key points
- Government clears 22 electronics component manufacturing projects.
- Total approved investment stands at approximately ₹42,000 crore.
- Focus on strengthening India’s domestic electronics supply chain.
- Projects cover components for consumer, automotive, and industrial electronics.
- Aims to reduce dependence on imported electronic parts.
- Expected to generate significant employment opportunities.
- Supports Make in India and Atmanirbhar Bharat initiatives.
- Encourages advanced manufacturing and technology adoption.
- Boosts export potential of Indian electronics products.
- Positions India as a global electronics manufacturing hub.
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