Nod to 22 electronics projects worth Rs 41K cr, 3 for Haryana

The Centre has approved 22 proposals under the Electronics Component Manufacturing Scheme (ECMS) with a projected investment of Rs 41,863 crore, including three projects in Haryana.

The three applicants from Haryana are Signum Electronics Ltd, India Circuits Pvt Ltd and ATL Battery Technology (India) Pvt Ltd. These approvals include projects for multilayer PCBs and Li-ion cells for digital applications. The projects are expected to generate 3,967 direct employment opportunities.

Besides Haryana, the approved units are spread across seven states — Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan — reinforcing the government’s focus on geographically balanced industrial growth and expansion of electronics manufacturing across the country.

With the latest tranche of approvals, a total of 46 applications have been cleared under the ECMS so far across 11 states, involving a cumulative investment of Rs 54,567 crore and generating direct employment for about 51,000 people.

Speaking on the occasion, Minister for Electronics and Information Technology Ashwini Vaishnaw said the programme had strengthened India’s electronics manufacturing ecosystem, enabling a large share of domestic demand to be met indigenously. He said the approvals would significantly bolster domestic supply chains, reduce import dependence for critical electronic components and support the growth of high-value manufacturing capabilities in the country.

Outlining the government’s vision for the electronics sector, Vaishnaw said India would still have a young demographic profile in 2047, when growth would have slowed in many other economies. He claimed India would be the only economy that would continue to grow till 2100, making it essential to put strong structural foundations in place now.

He further said the government would strongly support efforts in design, quality, skilling and domestic sourcing so that these become an integral part of the country’s industrial culture. “This has to be done by the industry, with government support. The support will be 80 per cent from the industry and 20 per cent from the government. This is the model followed by China, Japan, South Korea and Taiwan,” Vaishnaw said.