The central Govt approves 17 projects under the Electronic Component Manufacturing Scheme, with a total investment of Rs 7,712 crore, IT secretary S. Krishnan announced on November 17.
While speaking at an event in New Delhi, he mentioned that the government has approved 17 applications in this round out of 249. Notably, this batch includes its first investment from J and K. Companies from other states like Uttar Pradesh, Madhya Pradesh, Karnataka, Maharashtra, and Tamil Nadu are also involved.
Govt approves 17 projects of worth Rs 7,712 crore
Among the 17 approvals, 10 include Aequs Consumer Products Private Limited with a total investment of Rs 1,500 crore and production worth Rs 7,669 crore. Others are Secure Circuits, TE Connectivity India Private Limited, with an investment of Rs 612 crore, Jabil Circuit Private Limited, with Rs 957 crore, Zetfab, Zetchem, with an investment of Rs 55 crore, Micropack Pvt with Rs 54 crore, Asux Safety Components, Uno Minda with Rs 264 crore, AT&S India, HI-Q, and Infopower Technologies Private Limited.
Boost India’s Electronics Value Chain
Syrma Mobility Private Limited secured Rs 250 crore, while J&K-based Meena Electrotech Private Limited invested Rs 111 crore. “The main goal why Govt approves 17 projects is to deepen the value chain in India. The world is looking to diversify value chains, and India is an important player in that,” Krishnan said.
Union IT minister Ashwini Vaishnaw said, “For long-term success, we need to focus on three key things. First, we must develop our design teams, no matter how much hard work that requires. Second, we need to prioritize Six Sigma quality in every product we manufacture and concentrate on building up Indian suppliers to meet quality standards. These are my three requests. We will keep working with you on this.”
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