Govt gets investment proposal worth Rs 16,000 cr under electronic component scheme
Electronics Component Manufacturing Scheme
, according to sources.
The government had opened applications for the Rs 22,805-crore electronics component manufacturing scheme (ECMS) on May 1.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
PGDM
Finance
Others
Public Policy
MCA
Healthcare
Data Analytics
Technology
Data Science
Leadership
Project Management
Cybersecurity
Artificial Intelligence
Digital Marketing
Data Science
Management
Product Management
Operations Management
Design Thinking
others
healthcare
Degree
CXO
MBA
Skills you'll gain:
Financial Analysis & Decision Making
Quantitative & Analytical Skills
Organizational Management & Leadership
Innovation & Entrepreneurship
Duration:
24 Months
IMI Delhi
Post Graduate Diploma in Management (Online)
Starts on
Sep 1, 2024
Get Details
"Received proposals worth around Rs 16,000 crore under ECMS," an official source said.
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Free P2,000 GCash eGift
UnionBank Credit Card
Apply Now
Undo
by Taboola
by Taboola
An industry body also confirmed the development, based on its discussion with government officials and industry players.
According to the government source, the approval process has started and shortlisted projects are expected to be announced in September.
Live Events
"The scheme has received a good response from both domestic and foreign companies," the source said.
Sources had earlier mentioned that
Tata Electronics
,
Dixon Technologies
, and Foxconn were among the big players that have shown interest in the scheme.
Recently, Dixon signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales of electronic components used in electronic devices like mobile phones and laptops, among others.
The scheme aims to address the demand-supply deficit in the electronic component segment.
Electronic Industries Association of India (Elcina), the country's oldest industry body of the Indian electronics sector, estimates that the demand-supply deficit for inputs in the electronics segment will increase to USD 248 billion (about Rs 21 lakh crore) by 2030 to cater to projected USD 500 billion electronics production, and it would be met largely by imports in absence of any measure from the government.
The major portion of the scheme, Rs 21,093 crore, is earmarked for sub-assemblies like camera module, multi-layered printed circuit board (PCB), flexible PCB, and passive components that are fixed on the PCB by machines. A total of Rs 1,712 crore has been earmarked for making parts used in sub-assemblies and capital goods used in electronics manufacturing.
The scheme classifies display module and camera module sub-assembly in category A, while category B products include bare components like non-surface mount devices (non-SMD), multi-layered printed circuit board, lithium-ion cells for digital applications, enclosures for mobile, IT hardware products and related devices.
Category C includes components like flexible PCB, SMD passive components.
Besides, components used in making items listed under A, B and C categories, as well as capital goods used in electronics manufacturing, have been clubbed under the D category.
The government has opened the application window for A, B and C categories initially for three months starting May 1, and for two years for D category items.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
5 minutes ago
- The Hindu
Look at your own country: Bombay High Court raps CPI(M) over Gaza protest petition
The Bombay High Court on Friday (July 25, 2025) dismissed a petition filed by the Communist Party of India (Marxist) and the CPI challenging the Mumbai Police's decision to deny permission for a protest at Azad Maidan against the ongoing conflict in Gaza. The court observed that the Indian political organisations should prioritise domestic issues over international conflicts. A Division Bench comprising Justices Ravindra Ghuge and Gautam Ankhad pulled up the petitioners for focusing on matters outside the country and said, 'Our country has enough issues to deal with. We do not want anything like this. I am sorry to say that you are short-sighted. You are looking at Gaza and Palestine while neglecting what's happening here. Why don't you do something for your own country? Look at your own country. Be patriots. People say they are patriots, but this is not patriotism. Show patriotism for the citizens of our own country first,' the Bench remarked sharply during the hearing. Senior advocate Mihir Desai representing CPI(M), informed the Bench that on June 13, 2025, his clients submitted an application seeking permission from the Azad Maidan police station to hold a peaceful protest and gathering in Azad Maidan to show solidarity with the people of Gaza, who are currently in the midst of a genocide, by calling for a ceasefire. On June 17, denying permission to the All India Peace and Solidarity Foundation (AIPSF) that police informed them that the permission to protest was being denied in exercise of their powers under Section 168 of the Bharatiya Nagrik Suraksha Sanhita (BNSS) and Section 68 of the Maharashtra Police Act, 1951. Mr. Desai informed the Bench that the political parties have time and again taken up several causes that has concerned India and have been conducting health and education camps. The Court noted that the CPI(M), being a registered as Indian political party, should ideally be engaging with local civic concerns. 'You are a registered party in India. Your party could have taken up issues like garbage dumping, pollution, drainage, or flooding. Why are you not protesting on these issues? We are only giving examples. Instead, you want to protest over something happening thousands of miles away and showing concern for Palestine and Gaza,' the Bench observed. The petitioners stated that the Indian government's stance and support of Palestine as a State, has been an integral part of the nation's foreign policy. In 1974, India became the first Non-Arab State to recognize Palestine Liberation Organisation as the sole and legitimate representative of the Palestinian people. In 1988, India was also one of the first countries to recognize Palestine as a State. In April 2024, India voted in favour of the Human Rights Council Resolution on the Right of the Palestinian people to self-determination. Moreover, India is a State signatory to the Genocide Convention, 1948, and the protest which was held to condemn violence and genocide in Gaza, can in no way termed to be the foreign policy of the India State. Mr. Desai further argued that citizens have a fundamental right to protest at designated places and that disagreements with the government's foreign policy cannot be grounds to stifle dissent. He also contended that mere apprehensions of law-and-order issues, without concrete evidence, should not override constitutional freedoms. He also clarified that the protest has nothing to do with Operation Sindoor or India's border relations with neighbouring countries. CPI(M) issues statement Rejecting the petition, the court observed, 'You don't know the dust it could kick up. Whether to take a side for Palestine or Israel is their (Govt of India) work, why do you want to create such a situation that the country has to take sides on this? Why do you want to do this? It's obvious, going by the party you represent, that you don't understand what this could do to the foreign affairs of the country.' The CPI(M) has strongly condemned the Bombay High Court's remarks while dismissing its petition challenging the denial of permission to protest against the Gaza conflict. Calling the Court's comments unconstitutional and politically biased, the CPI(M) criticised the bench for questioning its patriotism and aligning with the Central government's foreign policy stance. 'It is regrettable to say that the Bench appears to be completely unaware of the constitutional provisions that empower political parties or the history of our country and the support and brotherly feelings of the Indian people towards the Palestinian people for their right to a homeland. The statement made by the High Court bench regarding the CPI(M) smacks of the bench aligning itself with the position of the Central Government,' the party said in a statement. The party invoked India's historical support for Palestine and urged citizens to reject what it termed a troubling judicial trend undermining democratic rights. 'We appeal to the freedom and democracy-loving people of the country to stand shoulder to shoulder with us in unequivocally rejecting this objectionable view,' the statement read.
Time of India
14 minutes ago
- Time of India
IRDAI warns brokers on deal rush
Mumbai: The Insurance Regulatory and Development Authority of India ( IRDAI ) has raised concerns over a surge in merger, acquisition, and demerger activities in the insurance distribution space, cautioning brokers against adopting sharp practices to solely inflate their valuations. "We have been witnessing record activity among brokers and other distribution intermediaries," said Satyajit Tripathy , member (distribution), IRDAI, at an Insurance Brokers Association of India event. "While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as sharp practices to increase valuation, get listed, and to do business in a way, which may in the long run prove detrimental to the whole ecosystem." Explore courses from Top Institutes in Please select course: Select a Course Category PGDM CXO Project Management Leadership Healthcare Digital Marketing Others Technology Product Management Artificial Intelligence Operations Management Public Policy Cybersecurity Design Thinking Finance healthcare Management Data Science Degree Data Analytics others MCA Data Science MBA Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details The inflow of private equity capital into insurance broking has risen about 20x between 2011-17 and 2018-24 to reach $4.8 billion. Indian insurance broking has 735 licensed brokers of which the top 36 drive over 85% of revenue, implying a long tail of brokers that have not scaled, according to a report by IBAI and McKinsey . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Tripathy acknowledged the significant value addition brought in by brokers to the industry in the last 4-5 years, particularly post-Covid. At the event, the government urged over 700 insurance brokers to deepen insurance reach across the country and called on brokers to ensure access to affordable and appropriate insurance solutions for every Indian whether self-employed, salaried, agricultural, or industrial. Live Events "There is a vast untapped potential in Type 2 and Type 3 cities, agricultural and rural zones, in unorganised sectors, and among small businesses," said M Nagaraju, secretary, Department of Financial Services. "We believe insurance brokers can possibly increase awareness about the importance and availability of insurance in remote and low-income populations."
United News of India
17 minutes ago
- United News of India
Will act tough against language-based violence, says CM Fadnavis
Mumbai, July 25 (UNI) Maharashtra Chief Minister Devendra Fadnavis has warned that violence in the name of language will not be tolerated. "One can take pride in the Marathi language, but assaulting others for not knowing or speaking Marathi will not be accepted. Legal action will be taken against such offenders," he stated. Fadnavis was speaking at Jawaharlal Nehru University (JNU) in Delhi during the foundation stone laying ceremony of a new Centre for Strategic and Defence Studies named after Chhatrapati Shivaji Maharaj and the inauguration of the Kusumagraj Chair for Marathi language studies last evening. Highlighting the significance of Marathi, Fadnavis said it is an ancient language. "It was due to our request that Prime Minister Narendra Modi granted it the status of a classical language. Pride in Marathi is natural and justified, but violence in its name will not be tolerated. Those indulging in such actions will face strict legal consequences", he said. He emphasized Marathi's contribution to the country, especially in the field of theatre. "If any language has kept Indian theatre alive across the nation, it is Marathi", he said. Fadnavis added that research and academic study of the language is vital and the Kusumagraj Chair at JNU will work towards that objective. Fadnavis also stressed the importance of respecting all Indian languages. "Every citizen must take pride in their mother tongue. However, respecting other Indian languages is also our responsibility. We easily accept English but often neglect our native languages, which is not right," he said. UNI SP PRS
