India Clears ₹418.63-Billion Projects to Boost Local Electronics Component Manufacturing

India has approved projects worth ₹418.63 billion ($4.64 billion) under its Electronics Component Manufacturing Scheme to strengthen domestic production and reduce import dependence, the IT ministry announced on Friday. Major global players including Samsung Electronics, Tata Electronics and Foxconn are among the companies selected to receive government incentives under the programme, which has a total outlay of ₹229.19 billion. The sanctioned projects cover the manufacture of mobile phone enclosures, camera sub-assemblies and a range of other critical electronic components.

The move is part of India’s broader strategy to expand its electronics manufacturing ecosystem by encouraging both global and domestic firms to invest in local production and supply chains. The sector produced goods worth $125 billion in the year ending March 2025, and the government is targeting an ambitious expansion to $500 billion by fiscal 2031. Officials say the incentives are designed to accelerate capacity building, enhance technological capabilities and support the country’s positioning as a competitive manufacturing hub.

According to the IT ministry, the newly approved projects are spread across eight states and are expected to generate component output valued at ₹2.58 trillion ($28.62 billion). The initiatives are also projected to create employment opportunities for around 34,000 people. The approvals reinforce India’s ongoing efforts to scale up high-value electronics manufacturing while strengthening supply chain resilience and long-term industrial growth.

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