New Delhi, Oct. 27 -- Seven new electronic component manufacturing plants are being set up under the Make in India initiative to boost domestic production of key electronic parts, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Monday.

The Minister in a media interaction said these projects will significantly reduce India's dependence on imports for electronics manufacturing and strengthen the local supply chain.

According to official data, the projects approved include major investments by Kaynes Circuits India Private Limited, SRF Limited, Syrma Strategic Electronics Private Limited, and Ascent Circuits Pvt Ltd. The combined investment under these applications stands at Rs 5,532 crore, with a project...