India approves 31 electronics projects, investment crosses Rs 69,500 crore

India's electronics manufacturing ecosystem has deepened significantly, with the government approving 31 new projects under the Electronics Components Manufacturing Scheme (ECMS) on Monday, pushing the total number of cleared proposals to 106 and the cumulative approved investment beyond Rs 69,500 crore. The latest approvals mark the country's first domestic manufacturing of several critical electronic components, including filters, coils, and speakers, as well as key raw materials.

Union Minister for Electronics and IT Ashwini Vaishnaw announced the approvals in New Delhi, highlighting that India has achieved 100% domestic capability in categories such as enclosures, relays, and optical transceivers. He noted that the country is now exporting products in these categories, including printed circuit boards to China. "I'm happy to share with you that now, in enclosures, we have become fully Atmanirbhar. 100% of our demand will be met," Vaishnaw said. He added that India meets 75% of its optical connector demand, 60% of lithium-ion cell demand, and 80% of laminate demand domestically.

The 31 new projects, involving a proposed investment of Rs 7,877 crore, are spread across 10...