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Government Clears 7 ECMS Projects
New Delhi — The Government of India has given a significant boost to domestic electronics manufacturing by approving seven major projects under the Production Linked Incentive (PLI) scheme for Electronics Components Manufacturing. This move was announced by Union Electronics and IT Minister Ashwini Vaishnaw. It represents an investment commitment of ₹5,532 crore and is projected to result in a substantial reduction of the country's import bill by approximately ₹20,000 crore.
Investment and Scope of Approved ECMSProjects
The approved projects have been selected from a total of 249 proposals received under the schem. They focus on critical, high-value components essential for various electronics segments. The components to be manufactured include multi-layer Printed Circuit Boards (PCBs), camera modules, copper laminates, and polypropylene films used in capacitors for consumer electronics. These key components are vital for products such as smartphones, laptops, CCTV equipment, and tablets.
The approvals signal a major push towards Atmanirbhar Bharat (Self-Reliant India) by targeting areas where dependency on imports is historically high. Specifically, the initiative aims to localise the supply chain for complex components. The Electronics and IT Secretary, S Krishnan, confirmed that the combined investment of ₹5,532 crore is also expected to generate over 5,100 employment opportunities. It will significantly contribute to job creation in the high-tech sector.
Government Clears 7 ECMS Projects
New Delhi — The Government of India has given a significant boost to domestic electronics manufacturing by approving seven major projects under the Production Linked Incentive (PLI) scheme for Electronics Components Manufacturing. This move was announced by Union Electronics and IT Minister Ashwini Vaishnaw. It represents an investment commitment of ₹5,532 crore and is projected to result in a substantial reduction of the country's import bill by approximately ₹20,000 crore.
Investment and Scope of Approved ECMSProjects
The approved projects have been selected from a total of 249 proposals received under the schem. They focus on critical, high-value components essential for various electronics segments. The components to be manufactured include multi-layer Printed Circuit Boards (PCBs), camera modules, copper laminates, and polypropylene films used in capacitors for consumer electronics. These key components are vital for products such as smartphones, laptops, CCTV equipment, and tablets.
The approvals signal a major push towards Atmanirbhar Bharat (Self-Reliant India) by targeting areas where dependency on imports is historically high. Specifically, the initiative aims to localise the supply chain for complex components. The Electronics and IT Secretary, S Krishnan, confirmed that the combined investment of ₹5,532 crore is also expected to generate over 5,100 employment opportunities. It will significantly contribute to job creation in the high-tech sector.