IT Ministry approves ₹7,877 crore worth projects under electronic component scheme
The Indian Ministry of Electronics and Information Technology has approved ₹7,877 crore in projects under the Electronics Component Manufacturing Scheme. The initiative aims to boost domestic production of critical electronic parts and reduce import dependency.
Why it matters
This reflects India's strategic push toward 'Atmanirbhar' (self-reliance) in the global electronics supply chain and manufacturing sector.
The Ministry of Electronics and Information Technology (MeitY) on Monday approved projects collectively worth ₹7,877 crore for incentives under the Electronics Component Manufacturing Scheme (ECMS).
The projects include several electronic parts that have not been manufactured before in India, including electrolyte additives, hermetic terminals (used for defence-grade sealed assemblies), metalised films for capacitors, and coils.
The ECMS has so far approved projects collectively worth ₹69,548 crore, and these will receive turnover- or capex-linked incentives upon achieving key milestones.
IT firm Wipro’s laminates project had a ₹1,033 crore increase in project value, which is reflected in the project total shared by the Ministry, leaving ₹6,844 crore in approvals for fresh projects.
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