The Central government has approved the latest tranche of proposals under the Electronic Component Manufacturing Scheme, unlocking ₹7,712 crore in fresh investments aimed at strengthening India’s semiconductor and electronics value chain. IT Secretary S Krishnan announced the approvals during an industry event in the capital.
17 Applications Approved, Including First Investment from J&K
In this tranche, 17 proposals were cleared from a pool of 249 applications, marking the scheme’s most diverse regional spread yet. Notably, the round includes the first-ever investment from Jammu & Kashmir, reflecting deeper national participation in the government’s electronics mission. Companies selected span Uttar Pradesh, Madhya Pradesh, Karnataka, Maharashtra, Tamil Nadu, and other states.
Key approved applicants include Aequs Consumer Products Pvt Ltd with a ₹1,500 crore investment commitment and projected output of ₹7,669 crore; Jabil Circuit India (₹957 crore); TE Connectivity (₹612 crore); Uno Minda (₹264 crore); Syrma Mobility (₹250 crore); Meena Electrotech from J&K (₹111 crore); and several mid-sized component manufacturers across circuits, safety components, and material chemistry.
Deepening India’s Electronics Value Chain
Krishnan said the approvals reinforce India’s role in global supply-chain diversification. “The basic objective is to deepen the value chain in India. The world is looking at diversified supply bases, and India is becoming a key player,” he noted. The Electronic Component Manufacturing Scheme is central to India’s push to localise production of semiconductors, sub-components, and high-value electronics modules.
Government Push on Talent, Quality, and Supplier Development
Union IT Minister Ashwini Vaishnaw emphasised three priorities for long-term success: building strong domestic design teams, achieving six sigma quality, and nurturing globally competitive Indian suppliers. He added that the government will introduce a sector-wide skilling framework to enable companies to meet rising manufacturing standards.
Final Take
With ₹7,712 crore cleared in a single tranche, India is accelerating its shift from assembly-led growth toward a more resilient, high-value electronics manufacturing ecosystem.
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