India Approves 22 Electronics Projects Worth 41,863 Crore

India's Ministry of Electronics and Information Technology approved 22 proposals on Friday under the Electronics Components Manufacturing Scheme, committing investments worth 41,863 crore rupees and projecting production output of 2,58,152 crore rupees. The approvals, handed out by Union Minister Ashwini Vaishnaw, involve major companies including Dixon Technologies, Samsung Display Noida Pvt Ltd, Foxconn's Yuzhan Technology India Pvt Ltd, Hindalco Industries, Tata Electronics and Motherson Electronics Components. These projects are expected to create 33,791 direct jobs across eight states.

The scheme targets the production of 11 key product segments with applications in mobile phones, telecom equipment, consumer electronics, automotive electronics, IT hardware and strategic sectors. Among these, five categories cover bare components such as printed circuit boards, capacitors, connectors, enclosures and lithium-ion cells. Three focus on subassemblies, including camera modules, display modules and optical transceivers. The remaining three address supply chain materials like aluminium extrusion, anode material and laminates.

Spread across Andhra Pradesh, Haryana, Karnataka, Madhya...