India, July 26 -- With China's recent restrictions on the export of certain rare earth elements, several companies under electronics component manufacturing scheme have reportedly flagged concerns over missing incentive-targets for the first year due to shortage of required resources.

An ET report, citing MeitY officials, said that around 10 companies out of a total of 110 applications under the INR 22,919 Cr incentive scheme have raised concerns as the industry is looking to expand production lines.

Some of the companies are also considering importing components instead of making them locally from scratch. The report further cited a source who highlighted that the situation is not that alarming as any component containing rare earth me...