The authorities has received 70 applications for its ₹23,000-crore electronics part manufacturing scheme, and a majority of the candidates are small and medium enterprises, in accordance to Union Minister Ashwini Vaishnaw.
“The electronics component manufacturing scheme has received a tremendous response. A total of 70 applications were received within 15 days,” Mr. Vaishnaw instructed PTI.
The Minister didn’t disclose names. However, sources have stated earlier that (*70*) Electronics, Dixon Technologies, and Foxconn have been among the many huge gamers which have proven curiosity.
Mr. Vaishnaw stated that whereas a few of the huge gamers have utilized, there was big curiosity amongst small and medium gamers.
“80% of the applications have come from small and medium enterprises,” the minister stated.
The authorities began accepting applications for the ₹22,805-crore electronics part manufacturing scheme (ECMS) on May 1.
The scheme goals to handle the demand-supply deficit within the electronic part phase.
Demand-supply deficit
The Electronic Industries Association of India (Elcina), the nation’s oldest trade physique within the electronics sector, estimates that the demand-supply deficit for inputs within the electronics phase will improve to $248 billion (about ₹21 lakh crore) by 2030, which will probably be required to cater to a projected $500 billion in electronics manufacturing, and it will be met largely by imports within the absence of any measures from the federal government.
A serious portion of the scheme, ₹21,093 crore, is earmarked for sub-assemblies like digital camera modules, multi-layered printed circuit boards (PCBs), versatile PCBs, and passive components which can be mounted on the PCB by machines. A complete of ₹1,712 crore has been earmarked for making elements utilized in sub-assemblies and capital items utilized in electronics manufacturing.
The scheme classifies show modules and digital camera module sub-assemblies in class A , whereas class B merchandise embrace naked components like non-surface mount gadgets, multi-layered printed circuit boards, lithium-ion cells for digital applications, IT {hardware} merchandise, and associated gadgets.
Published – May 18, 2025 10:58 pm IST
