Electronics Component Manufacturing Scheme approval by cabinet to generate more jobs and opportunities for SMEs
The Union Cabinet on 25th Mar 2025 approved Rs 22,919 crore Electronics Component Manufacturing Scheme supporting manufacturing of non-semiconductor components of electronics systems which include simple connectors to precision surface mount resistors, inductors, capacitors and more. Refer the table little down below listing details. This scheme is expected to attract Investment of Rs.59,350 crore resulting in production of Rs. 4,56,500 crore worth of products.
Electronic component manufacturing other than complex semiconductor chips need less investment in the range of 10s of Millions of US$ and has the potential to generate employment for those who does not have college graduations. This scheme is estimated to generate additional direct employment of 91,600 persons.
"This scheme aims to develop a robust component ecosystem by attracting large investments (global/domestic) in electronics component manufacturing ecosystem, increasing Domestic Value Addition (DVA) by developing capacity and capabilities, and integrating Indian companies with Global Value Chains (GVCs). The scheme provides differentiated incentives to Indian manufacturers tailored to overcome specific disabilities for various categories of components and sub-assemblies so that they can ac...