India has given the go-ahead to electronic component projects worth around $4.6 billion (Rs 41,863 crore) from several companies, marking a big push to build stronger homegrown manufacturing in phones, laptops, cars, and more.
The Ministry of Electronics and Information Technology (MeitY) approved 22 proposals under the Electronics Components Manufacturing Scheme (ECMS). These projects will make key parts like printed circuit boards, capacitors, lithium-ion cells, camera modules, and enclosures. Big names such as Samsung, Tata Electronics, Foxconn, Dixon, and Hindalco are among the winners, spreading factories across eight states including Tamil Nadu, Karnataka, Maharashtra, and Uttar Pradesh.
This move helps cut India’s heavy reliance on imported parts, mostly from China, while creating about 34,000 direct jobs. The factories are expected to produce goods worth Rs 2.58 lakh crore ($28.6 billion), boosting everything from mobile phones to electric vehicles and telecom gear.
Union Minister Ashwini Vaishnaw handed out approval letters and urged companies to set up in-house design teams and aim for top-quality standards. He said this fits the goal of growing India’s electronics sector to $500 billion by 2031, up from $125 billion last year.
With earlier approvals adding up to over Rs 54,000 crore in total investments, India is steadily moving from just assembling gadgets to making the core components inside them a smarter, self-reliant step forward.
