New Delhi, March 29 -- The Centre on Friday approved a Rs 22,919 crore scheme to make India self-reliant in electronics component manufacturing, attract large investments in the segment and create jobs. It is the first such scheme that focuses on promoting the manufacturing of passive electronic components. The Union Cabinet approved the 'Electronics Component Manufacturing Scheme' with an aim to develop a robust supply chain by attracting large global as well as domestic investments in the electronics component manufacturing.

The initiative is also expected to increase domestic value addition (DVA) by developing capacity and capabilities and integrating Indian companies with Global Value Chains (GVCs). The domestic production of electro...