The government has approved 22 new proposals under the Electronic Component Manufacturing Scheme. This includes names like Dixon, Motherson, Hindalco. There will be a total investment of Rs 41 thousand 863 crore in these projects. With more details on this, CNBC-Awaaz correspondent Aseem Manchanda said that the government has approved 22 new proposals under ECMS to boost electronic component manufacturing. The government has approved the proposals of Dixon, Motherson, Hindalco, BPL. There will be a total investment of Rs 41,863 crore in these projects. This will generate production worth Rs 2,58,152 crore and provide direct employment to 33,791 people.
The companies that received the approval today will manufacture components such as capacitors, lithium-ion cells, copper-clad laminates, enclosures, anode materials, connectors, displays and camera modules for electronic equipment.
This scheme covers 11 types of electronic products. This money will be used in mobile, telecom, auto, consumer and strategic electronics. These projects are in Andhra Pradesh, Haryana, Karnataka and MP. There are also some projects in Maharashtra, Tamil Nadu, UP and Rajasthan. This scheme of the government will strengthen the domestic supply chain and reduce dependence on imports. This will help in making India an electronics manufacturing hub.
Union Electronics and Information Technology Minister Ashwini Vaishnav has said that 4 companies will start semiconductor units in 2026. Micron, Keynes, CG Electronics and Tata Electronics will make the chips. Vaishnav also suggested that the companies that have received approval under the scheme should work with the industry body to develop standard design facilities in the educational institution so that the companies, especially small-medium enterprises, can benefit from them.