Cabinet approves $2.7 billion outlay to locally make electronics components

Cabinet approves $2.7 billion outlay to locally make electronics components

The Union cabinet has approved a $2.7 billion plan to boost local electronics manufacturing, aiming to attract $7 billion in investments and create 91,600 jobs over six years.

Cabinet Approves Rs 22,919 Crore Incentive Scheme For Electronics Component

The Union Cabinet on Friday approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore, Union Electronics and IT Minister Ashwini Vaishnaw said. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. The minister said that the scheme will create direct employment for 91,600 people and attract investment of around Rs 59,350 c…

India Unveils $2.7 Billion Plan for Electronics Parts Production

India’s federal cabinet Friday approved 229.2 billion rupees ($2.7 billion) in state-backed subsidies for making electronics components as the world’s most populous nation seeks to bolster manufacturing and create jobs.

Union Cabinet announces ₹22,919 crore electronics component manufacturing scheme

Union Minister Ashwini Vaishnaw announces ₹22,919 crore electronics manufacturing scheme, boosting production, exports, and job creation in India.

ICT companies to invest 56.8 trillion won in R&D in 2023

Indian Firms Race To Forge China Ties Ahead of ₹25,000 Crore Electronics Component Incentive Scheme Rollout

Indian electronics manufacturing services (EMS) firms are accelerating efforts to establish partnerships with global supply chain players, p...