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Cabinet greenlights Rs 23,000 crore e-parts production scheme

Economic Times · 7d

The Indian Cabinet sanctioned a Rs 23,000-crore scheme to boost the electronics manufacturing supply chain, targeting domestic production and global integration over six years. It aligns with India's 'China Plus One' strategy, aiming to create 91,600 direct jobs and entice Rs 60,000 crore in investment. The program offers different incentives for assembly and component manufacturing to enhance technological capabilities. Industry leaders welcomed it as a step towards bolstering the electronics system design and manufacturing (ESDM) ecosystem.