India, March 28 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Electronics Component Manufacturing Scheme with a budget allocation of ?22,919 crore. The initiative aims to make India self-reliant in the electronics supply chain by fostering a robust component ecosystem through large-scale investments from both global and domestic players.
The scheme is designed to enhance domestic value addition (DVA), build technological capabilities, and integrate Indian companies into global value chains (GVCs). It is projected to attract investments worth ?59,350 crore, generate electronic product output valued at ?4,56,500 crore, and create approximately 91,600 direct jobs, along with numerous indirect employment oppor...