India approves 31 electronics-component projects worth ₹7,877 crore
The government has cleared 31 proposals under the Electronics Component Manufacturing Scheme, a move aimed at building domestic supply capacity for consumer-electronics products and reducing import dependence.
What happened
Government of India · The government approved 31 investment proposals worth Rs 7,877 crore under the Electronics Component Manufacturing Scheme, according to IT
Key facts
- 31 investment proposals
- Rs 7,877 crore
Why this matters
The approved projects create a larger pool of potential Indian suppliers, joint-venture targets and strategic partners for companies seeking to localize electronics supply chains.