US EditionRs 1.15 lakh crore injection energises India's roadmap for semiconductor self-reliance
The scheme has attracted nearly double the targeted Rs 59,350 crore with proposals expected to create 1.41 lakh jobs, indicating strong global and domestic investor confidence.
- The deadline for submitting applications under the Electronics Component Manufacturing Scheme ended on September 30, with investment proposals amounting to Rs 1.15 lakh crore.
- This surge in proposals followed the scheme's launch in April to bolster India’s self-reliance in electronics and deepen the manufacturing value chain.
- Proposals include 249 applications mainly for printed circuit boards and sub-assemblies, promising production exceeding Rs 10.34 lakh crore and 1.41 lakh jobs.
- Union Minister Ashwini Vaishnaw announced that investment bids totaling Rs 1.15 lakh crore have been submitted, more than double the initial target of Rs 59,000 crore.
- The ministry plans to fast track approvals and aims to next focus on indigenizing raw materials needed for electronics manufacturing, including ultra-pure materials.
13 Articles
13 Articles
Government's Electronics Component Manufacturing Scheme Receives Strong Response, Applications Worth Rs 1,15, 351 Crores of Investment Received
Get latest articles and stories on India at LatestLY. he Electronics Components Manufacturing Scheme has received an overwhelming response from both domestic and international industry leaders India News | Government's Electronics Component Manufacturing Scheme Receives Strong Response, Applications Worth Rs 1,15, 351 Crores of Investment Received.
Electronics Component Manufacturing Scheme attracts ₹1.15 trillion in investment proposals: Ashwini Vaishnaw
The Electronics Component Manufacturing Scheme has garnered investment proposals of ₹1.15 lakh crore, exceeding targets for investment, employment, and production. The scheme aims to enhance India's electronics supply chain and is projected to create 1.41 lakh jobs.
Electronics mfg scheme attracts unprecedented Rs 1.15 Lakh cr, highlighting global trust in India: Vaishnaw
The government had initially aimed for around Rs 59,000 crore in investments under the scheme. Vaishnaw also pointed out that applications for the capital equipment segment are still open.
India's electronic component Push receives twice the expected interest rate
New Delhi: the arrangement of India that offers incentives to create a supply chain from electronics component has generated a strong interest because the center received 249 applications, in which investments are proposed a total of $ 13 billion ( £1.15 trillion), according to Union IT minister Ashwini Vaishnaw. The total investments proposed by conglomerates […]
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