Electronics production plugs into over Rs 41.5k crore investments

Core Insights - The Indian government has approved investments totaling Rs 41,863 crore from 22 companies under the Electronic Component Manufacturing Scheme (ECMS), aimed at reducing import dependence and enhancing domestic sourcing in the electronics sector [9][10] - The approved projects are expected to generate production worth Rs 2.58 lakh crore and create 33,791 direct jobs, with a significant focus on manufacturing key electronic components [10] Investment and Job Creation - The ECMS scheme has approved a total of 46 investments amounting to Rs 54,567 crore, targeting production worth Rs 3.67 lakh crore and projected to create nearly 51,000 direct jobs [7][10] - Tamil Nadu is a major beneficiary, accounting for 23,451 jobs from just three projects, which represents 69% of the jobs created in the latest tranche [7][8] Focus on Domestic Manufacturing - Investments will focus on manufacturing critical electronic inputs such as multilayer printed circuit boards (PCBs), enclosures, capacitors, optical transceivers, camera module sub-assemblies, and copper clad laminates [9][10] - High-value products like lithium-ion cells and aluminium extrusion for mobile enclosures will be manufactured in India for the first time [2][10] Government Initiatives and Industry Collaboration - The electronics and IT minister, Ashwini Vaishnaw, emphasized the need for companies to establish common research and development facilities, with the government willing to support capital expenditures [3][10] - The minister called for a structured action plan to enhance design, domestic sourcing, and skilling capabilities within six weeks, warning that further approvals under ECMS would depend on this structured approach [4][10] Quality Standards and Supply Chain Management - The government has urged the industry to adopt "six-sigma" quality standards to minimize defects and ensure product consistency [6][10] - Companies are encouraged to organize more meetings with vendors to better understand demand and quickly integrate into global supply chains [5][6]