India Approves $4.6 Billion for Electronics Component Manufacturing | Quick Digest

India Approves $4.6 Billion for Electronics Component Manufacturing | Quick Digest
India has approved 22 new proposals under its Electronics Components Manufacturing Scheme, committing $4.6 billion (₹41,863 crore) to boost local production and strengthen the electronics supply chain. This initiative aims to reduce import dependence and create over 33,000 jobs.

India approved 22 electronics component manufacturing proposals.

Investment totals $4.6 billion (₹41,863 crore) to boost local production.

Scheme aims to strengthen domestic supply chains and reduce imports.

Projects are expected to generate ₹2.58 lakh crore ($28.6 billion) in output.

Key companies like Samsung, Foxconn, and Tata Electronics are involved.

Initiative projected to create over 33,000 direct jobs across eight states.

India has taken a significant step to bolster its domestic electronics manufacturing capabilities by approving 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), committing an investment of approximately $4.6 billion (₹41,863 crore). This strategic move, announced by the Ministry of Electronics and Information Technology on January 2, 2026, aims to substantially boost local production and reduce India's reliance on imported electronic components, particularly from countries like China. These approved projects, which include major global and domestic players like Samsung Electronics, Foxconn (through its subsidiary Yuzhan Technology India), Tata Electronics, and Dixon, are spread across eight Indian states. The government anticipates that these initiatives will lead to a projected output worth ₹2.58 lakh crore (approximately $28.6 billion) and generate around 33,791 direct jobs. The focus is on manufacturing 11 targeted products, including mobile phone enclosures, camera sub-assemblies, and other critical components used across various sectors such as mobile phones, telecom equipment, consumer electronics, automotive systems, and IT hardware. This approval is part of Prime Minister Narendra Modi's broader Production Linked Incentive (PLI) scheme, designed to incentivize both foreign and domestic companies to manufacture in India and enhance the country's position as a global electronics manufacturing hub. The government's continued emphasis on 'deep manufacturing' is evident, aiming to increase domestic value addition beyond mere assembly to core component fabrication. This long-term vision seeks to create a robust and resilient electronics supply chain within India, fostering economic growth and enhancing national self-reliance.
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