New Delhi, Oct. 9 -- Electronics manufacturer VVDN Technologies is gearing up to make multiple $100 million bets on component manufacturing in India and has applied for the Centre's newly announced incentive scheme for the same, a senior company executive told Mint.

The 18-year-old company sees exponential growth opportunity due to the scale of India's electronics market, as a result of which it hopes to ramp up its portfolio in the country, Vivek Bansal, cofounder and president of VVDN Technologies, said in an interview on the sidelines of the India Mobile Congress on Wednesday,

Bansal said the company has already applied for the Centre's electronics component manufacturing scheme (ECMS) for component subsidies, which will make a signi...