Authorities receives 70 functions for ₹23,000-crore electronics element manufacturing scheme, majority from small and medium enterprises.
| Photograph Credit score:
ANI
The federal government has obtained 70 functions for ₹23,000-crore electronics element manufacturing scheme, and nearly all of candidates are small and medium enterprises, Union Minister Ashwini Vaishnaw mentioned.
These functions have come inside half a month of opening the window for the scheme. “Electronics Part Manufacturing Scheme has obtained an incredible response. Inside 15 days of opening the applying, round 70 functions have come,” Vaishnaw advised PTI.
The minister didn’t disclose the names of candidates. Nevertheless, sources have earlier talked about that Tata Electronics, Dixon Applied sciences, and Foxconn had been among the many massive gamers which have proven curiosity within the scheme.
Vaishnaw mentioned that whereas a number of the massive gamers have utilized, there was large curiosity within the scheme from small and medium gamers.
“80 per cent of the functions have come from small and medium enterprises,” the minister mentioned.
The federal government opened functions for the ₹22,805-crore electronics element manufacturing scheme (ECMS) on Could 1.
The scheme goals to deal with the demand-supply deficit within the digital element section.
Digital Industries Affiliation of India (Elcina), the nation’s oldest trade physique of the Indian electronics sector, estimates that the demand-supply deficit for inputs within the electronics section will enhance to $248 billion (about ₹21 lakh crore) by 2030 to cater to projected $500 billion electronics manufacturing, and it could be met largely by imports within the absence of any measure from the federal government.
The key portion of the scheme, ₹21,093 crore, is earmarked for sub-assemblies like digicam module, multi-layered printed circuit board (PCB), versatile PCB, passive elements which are mounted on the PCB by machines. A complete of ₹1,712 crore has been earmarked for making elements utilized in sub-assemblies and capital items utilized in electronics manufacturing.
The scheme classifies show module and digicam module sub-assembly in class A, whereas class B merchandise embrace naked elements like non-surface mount units (non-SMD), multi-layered printed circuit board, lithium-ion cells for digital functions, enclosures for cell, IT {hardware} merchandise and associated units.
Class C contains elements like versatile PCB, SMD passive elements.
Apart from, elements utilized in making objects listed underneath A, B and C classes in addition to capital items utilized in electronics manufacturing have been clubbed underneath D class.
The federal government has opened the applying window for A, B and C classes initially for 3 months beginning Could 1, and for a interval of two years for D class objects.
Printed on Could 18, 2025
