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Inside govt's plans for Rs 40,000 crore electronics component manufacturing scheme
Economic Times
·
11m ago
Medial
The government plans to allocate around Rs 40,000 crore for a new electronics component manufacturing scheme. Successful applicants are expected to invest around Rs 82,000 crore, with the total value of components produced estimated to reach Rs 1.95-2 lakh crore. The scheme is likely to be launched later this year to boost electronic manufacturing in the country.
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ET World Leaders Forum | Govt to launch new scheme for domestic electronics component manufacturing says Vaishnaw
Economic Times
·
11m ago
Medial
The Indian government is set to launch a scheme to develop a sustainable electronics component ecosystem in the country. The scheme aims to attract investment and boost domestic production of electronic components. The government plans to allocate up to Rs 40,000 crore for the scheme, with expectations of attracting around Rs 82,000 crore in investments. The goal is to encourage the manufacturing of electronic components, similar to the progress made in mobile and electronics manufacturing in India. The government also aims to focus on infrastructure development, including physical, digital, and social infrastructure.
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Apple powers India’s record Rs 2 lakh crore FY25 smartphone exports
Economic Times
·
4m ago
Medial
India's smartphone exports surged to over Rs 2 lakh crore in the last fiscal year, driven by Apple’s iPhones contributing Rs 1.5 lakh crore. The electronics industry grew fivefold over a decade, with exports increasing six times. A new Rs 22,919 crore electronics component manufacturing scheme aims for export-led growth. The government plans to double value addition in electronics manufacturing within five years. Nearly 100,000 jobs are expected, boosting domestic production and exports.
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Deadline for ECMS applications extended to September-end: MeitY - The Economic Times
Economic Times
·
11d ago
Medial
The Indian government has extended the application deadline for the Electronics Component Manufacturing Scheme (ECMS) to September 30, following significant interest with over 110 applications. The Rs 22,919 crore initiative aims to boost domestic manufacturing of electronic components, attracting investments worth Rs 59,350 crore and generating production worth Rs 456,500 crore. The scheme offers a flexible incentive structure and is expected to create direct employment for 91,600 people, supporting sectors like industrial, power, and automobile.
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Decoding MeitY’s Rs 23,000 crore electronics production scheme
Economic Times
·
4m ago
Medial
The Ministry of Electronics and Information Technology (MeitY) in India announced a Rs 23,000 crore Electronics Component Manufacturing Scheme. This initiative aims to enhance domestic production of electronic components and subassemblies, positioning India as a significant player in the global electronics value chain. The scheme outlines key provisions and clauses to support and encourage local manufacturers, fostering growth and development in the electronics sector within the country.
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Cabinet greenlights Rs 23,000 crore e-parts production scheme
Economic Times
·
4m ago
Medial
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.
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Uttar Pradesh Plans To Launch Rs 10,000 Crore Scheme To Woo Electronic Components Manufacturing
OutlookIndia
·
2m ago
Medial
Uttar Pradesh plans a Rs 10,000 crore scheme to attract electronic components manufacturing investment, complementing India's ECM scheme. The policy offers fiscal incentives, subsidized land, and infrastructure support, with aims to attract Rs 25,000 crore in investments. It supports the state's ambition to be a tech manufacturing hub and aligns with the national push for electronics self-reliance. The initiative is part of broader efforts to create an "electrilomics" ecosystem, enhancing the state's semiconductor and electronics capabilities.
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New PLI Scheme For Component Makers To Replace SPECS
Inshorts
·
1y ago
Medial
MeitY will unveil a new PLI scheme for electronic component manufacturing after elections, as the current SPECS scheme expired on March 31 This scheme will offer incentives based on incremental production and sales targets, with focus on increasing domestic value addition as electronics exports rise. India aims to become an electronics manufacturing hub with $300 billion in production by 2026.
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Guidelines for Electronics Component Manufacturing Scheme Finalised, Portal To Be Launched Soon: Ashwini Vaishnaw
OutlookIndia
·
3m ago
Medial
The Indian government has finalized guidelines for the Electronics Component Manufacturing Scheme, set to enhance the country's electronics manufacturing capabilities. An online portal for the scheme will be launched soon, facilitating faster access for eligible companies. Key focus areas include Printed Circuit Boards (PCBs), assemblies, and electro-mechanical components. This initiative aims to strengthen India’s electronics ecosystem, create jobs, and potentially increase export capabilities to $500 billion, with VVDN leading design-led manufacturing.
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UP, Gujarat rush to take part(s) in electronics race
Economic Times
·
3m ago
Medial
Uttar Pradesh and Gujarat are crafting incentives to attract electronic component manufacturers, following Tamil Nadu's lead in seizing opportunities from a Rs 23,000 crore Centre initiative to boost manufacturing in this sector. Gujarat is building a semiconductor hub with plans for Micron and Tata Electronics, while Uttar Pradesh is developing policy drafts. States like Karnataka, Madhya Pradesh, and Haryana are also strategizing to boost electronics manufacturing, competing to enhance India's electronics value chain.
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Electronics parts PLI draws in Dixon, Tatas, Foxconn and others
Economic Times
·
3m ago
Medial
Several companies, including Dixon, Tata Electronics, Zetwerk, and Foxconn, are planning investments under India's new production-linked incentive (PLI) scheme for electronic components. Foxconn is pursuing the smartphone display module category with plans for a unit in Tamil Nadu. Tata Electronics and Dixon are exploring various categories, including enclosures and display modules. Zetwerk also evaluates opportunities to enhance its component business. This initiative aims to strengthen India’s electronic system design and manufacturing ecosystem.
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