Response to electronics scheme exceeded investment, production targets: Vaishnaw

India’s Electronics Component Manufacturing Scheme has handsomely exceeded the targets of both investment and production with applications worth Rs 1.15 lakh crore received as against the government target of Rs 59, 350 crore.

Union Electronics and IT Minister Ashwini Vaishnaw on Thursday said the scheme had exceeded targets across categories, with production expected to more than double to Rs 10,34, 751 crore as against the previous estimation of Rs 4.56 lakh crore.

Employment generation from the scheme that was estimated at 96,000 persons will not rise 1.5 times to 141801 persons and incentive outgo will rise 1.8 times from Rs 22805 crore to Rs 41, 468 crore.

Vaishnaw said the unprecedented response from domestic as well as international industry on the government’s scheme was a sign of a robust electronics manufacturing landscape taking shape in India. He said the landscape included not just finished goods but also component manufacturing reflecting the maturity of the industry.

He urged states to use the opportunity and develop the electronic manufacturing industry to boost jobs.

“Huge response reflects domestic Industry’s deep commitment to India’s self-reliant electronics manufacturing vision as well as a testament to growing global confidence in India,” Vaishnaw said.

The minister said responses to the scheme reflected India’s growing stature on the global stage and the increasing confidence of the domestic industry, including MSMEs, which had shown strong interest in making the country self-reliant in electronics manufacturing.

Addressing a press conference at Electronics Niketan, he said the electronics manufacturing industry generated significant direct and indirect employment opportunities for the youth.

The scheme, approved by the Cabinet on 1st May 2025 with a fiscal outlay of Rs 22,919 crore, has received 249 applications with anticipated investment commitment of Rs 1,15,351 crore. The response was nearly double the targeted Rs 59,350 crore under the scheme, he said.

The estimated production of Electronics Components under the scheme in the next six years will be about Rs 10,34,700 crore. The response is 2.2 times of the targeted Rs. 4,56,000 crore worth of production under the scheme.

The huge response will also translate into more direct and indirect jobs for the people of the country. The application window was open for an initial period of three months, starting from May 1, and was subsequently extended till September 30.