Union IT minister Ashwini Vaishnaw and IT secretary S Krishnan were in New Delhi for an event where Krishnan announced that the Centre has cleared another set of proposals under the Electronic Component Manufacturing Scheme. This round adds up to Rs 7,712 crore in planned investment.
Krishnan said the government approved 17 applications out of 249 in this tranche. One standout detail: it includes the first-ever investment proposal from Jammu and Kashmir. The rest come from states like Uttar Pradesh, Madhya Pradesh, Karnataka, Maharashtra and Tamil Nadu.
Among the 17 approvals are companies such as Aequs Consumer Products Private Limited, which plans to invest Rs 1,500 crore with projected production of Rs 7,669 crore. Other names on the list include Secure Circuits, TE Connectivity India (Rs 612 crore), Jabil Circuit (Rs 957 crore), Zetfab, Zetchem (Rs 55 crore), Micropack (Rs 54 crore), Asux Safety Components, Uno Minda (Rs 264 crore), AT&S India, HI-Q, Infopower Technologies, Syrma Mobility (Rs 250 crore) and Meena Electrotech from J&K (Rs 111 crore).
Krishnan explained that the aim is to strengthen India’s electronics value chain at a time when global supply chains are being reconsidered and diversified.
Vaishnaw added that long-term success depends on three things: building strong design teams, pushing for six sigma quality in manufacturing and nurturing Indian suppliers so they consistently meet quality benchmarks. He also said the government is working on a dedicated skilling framework for the electronics industry.
