India has approved 31 additional electronics component manufacturing proposals worth ₹7,877 crore, bringing total investments under the scheme to over ₹69,000 crore, as the government intensifies efforts to boost domestic production and reduce import dependence.
India has approved 31 more electronics component manufacturing proposals worth ₹7,877 crore under its flagship scheme, bringing the total cleared across five rounds to 106 projects and lifting committed investment to more than ₹69,000 crore. According to the Economic Times, the latest approvals were handed out on Monday as the government moved to accelerate domestic production in a sector it sees as strategically important.
Ashwini Vaishnaw, the electronics and information technology minister, said private capital had already outpaced the scheme’s original ambition. The Economic Times reported that he said the programme was designed with a target of ₹59,000 crore, but investment commitments have already climbed above ₹69,000 crore. The latest tranche suggests the policy continues to draw manufacturers into areas ranging from core components to supply-chain linked production.
The approvals come at a time when New Delhi is expanding its wider electronics push. In the 2026 Union Budget, Finance Minister Nirmala Sitharaman announced a rise in the Electronics Component Manufacturing Scheme outlay to ₹40,000 crore and the launch of India Semiconductor Mission 2.0. The Budget coverage by the Economic Times and Hindustan Times said the scheme had already attracted investment well above its original target, underscoring stronger industry confidence in India’s manufacturing base.
The government has framed the electronics drive as part of a broader effort to cut import dependence and build domestic capacity. The Ministry of Electronics and Information Technology says related cluster support under EMC 2.0 is intended to provide plug-and-play industrial infrastructure, including ready-built factory sheds, to help lure large manufacturers and their supply chains. Together, the component scheme and cluster incentives point to a more ambitious industrial policy aimed at embedding India more deeply in global electronics value chains.
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