Govt clears 31 more electronics manufacturing units.
The government has approved 31 more applications under its electronics components manufacturing scheme, taking total outlay to ₹1.34 lakh crore. The move is aimed at deepening India’s electronics ecosystem beyond just final assembly.
So far, 14 companies have started production worth ₹42,243 crore. Products include printed circuit boards, camera modules, lithium-ion cells and display modules. Approved proposals are expected to generate ₹2.41 lakh crore in production and create jobs.
This is part of India’s broader plan to reduce import dependence. Today, while phone assembly has boomed, 70-80% of components are still imported. The new scheme incentivizes making parts like batteries, chargers, and display assemblies in India.The timing matters. Global supply chains are shifting due to US-China tensions.
Companies like Apple and Samsung are looking to diversify. India wants to position itself as the alternative.
But challenges remain. Land, power and skilled labor are bottlenecks. Industry says clearances still take too long. And incentives alone won’t work without consistent policy and quality infrastructure.
On the same day, other economic news made headlines. Tata Sons AGM faces quorum issues after the exit of a key trust. Bhogapuram airport in Andhra began commercial operations. RBI data showed FPI outflows continuing.
Markets were flat, with Sensex down 0.36% and Nifty down 0.33%. Gold rose to ₹1,55,167 per 10g.
The bigger picture: India is betting big on manufacturing. Electronics is the test case. If component makers scale up, India moves up the value chain. If not, it remains an assembly hub.
With 31 more units cleared, the government has shown intent. Now execution will decide if “Make in India” becomes “Make Components in India” too.