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India Clears 17 Major Electronics Component Projects — Investment Hits ₹7,172 Crore
Massive manufacturing push kicks in — India bets big on high-value electronics components.
What’s approved and why it matters
The Indian government has approved 17 projects under the electronics component manufacturing scheme, with a total investment commitment of approximately ₹7,172 crore. These projects span across six key categories and mark the second tranche of approvals under the scheme. With these additions, the total number of approved projects rises to 24.
Beyond the headline figures, the production potential is substantial: the cumulative output from these 17 projects is projected at around ₹65,111 crore over their lifetimes. This signals that the initiative is not simply about new capacity but about high-value, deep components manufacturing.
Categories, scope and strategic intent
The projects approved include manufacturing of critical components such as multilayer printed circuit boards (PCB) up to 40 layers, optical transceivers for communication networks, quartz crystal elements, connectors and other precision parts. These components feed high-end segments: telecom infrastructure, data centres, automotive electronics, industrial automation and export-oriented manufacturing.
The strategic intent is clear: move beyond basic electronics assembly, and build India’s capability in the “value-add chain” of components — the parts that currently rely heavily on imports. By doing so, the government aims to strengthen supply-chain resilience, reduce dependence on external vendors, and capture higher-margin manufacturing.
Why now? The timing and context
Several converging factors make this moment critical:
Global supply-chain realignment: Many companies are diversifying away from single-country sourcing, and India wants to position itself as a favourable destination for component manufacturing.
Domestic demand surge: With electronics, EVs, telecom and digital infrastructure expanding rapidly in India, the demand for components is rising fast — localising part of this demand mitigates import risk.
Policy push: The scheme provides incentives — capital subsidies, reimbursements and performance-linked support — making large new investment attractive.
Leap into precision electronics: Rather than just assembly, these projects aim at higher tolerance, higher technology manufacturing which moves India up the value chain.
Implications — what this means for industry and economy
For manufacturers
Companies approved under the scheme gain access to support, and those in adjacent sectors may now accelerate investment planning. The presence of 24 approved projects gives a credible signal: India is serious about the electronics components ecosystem.
For supply chains
As these projects come online, India’s electronics imports can be expected to see incremental reduction over time — especially for intermediate components. This enhances strategic resilience, particularly for telecom, automotive electronics and defence sectors.
For jobs and regional development
High-value manufacturing tends to create skilled jobs — in production, quality assurance, testing and R&D. While exact figures vary by project, the spread of 17 new approvals across multiple states offers regional uplift. Peripheral industries (logistics, housing, services) also stand to benefit.
For investors and capital markets
The scheme signals that the electronics‐hardware ecosystem is moving into a phase of scale and depth. For investors, this creates new definable plays: PCB manufacturing, optical transceivers, connectors and specialised components. The challenge will be execution and time-to-commercialisation.
Risks and execution challenges
Approving projects is one step — delivering the manufacturing, technology, supply chain and exports is the next. Major execution risks include:
Technology readiness: For high-layer PCBs or optical modules, international standard quality, yield, and repeatability are demanding.
Skill and ecosystem gap: Components manufacturing requires skilled labour, precision tooling, quality assurance and vendor parts — many of which are still nascent in India.
Global competition: India must compete with established hubs like Taiwan, South Korea and China for component manufacturing — cost, scale and supply efficiency matter.
Export and raw-material dependencies: Some components rely on imported substrates, exotic chemicals or precision tools. Unless imported input costs and logistics are managed, the margin case weakens.
What to watch next
Project milestones: Which of the 17 projects begin production first? Are they meeting timelines?
Revenue and production kick-off: Whether these new plants translate into meaningful output and domestic/ export sales.
Import reduction statistics: Over the next few years, does India’s component import bill reduce?
Supply chain development: Growth of ancillary units, tooling suppliers, local testing labs and component vendors.
Global demand and export linkups: Are these plants tied to global OEMs/contract manufacturers or purely domestic market supply?
Final take-away
The approval of 17 projects worth ₹7,172 crore under the electronics component manufacturing scheme is a landmark for India’s ambition in high-value manufacturing. It signals a decisive shift from basic assembly to precision component production, from import dependence to manufacturing self-reliance, and from domestic market focus to global supply-chain integration.
If executed well, this could transform India’s electronics ecosystem: more jobs, stronger exports, stronger supply chains, and better strategic resilience. But the hard work lies ahead — turning approval into production, building competitive advantage, securing global customers and executing at scale.
In essence: the vision is now approved. The delivery will determine whether this leap truly lands.
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