New Electronics Component Scheme To Be Launched Soon: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw praised India’s progress in electronics manufacturing over the past 10 years under Prime Minister Modi’s leadership.

Speaking at VVDN’s facility in Manesar, Haryana, he said the recently approved New Electronics Component Manufacturing Scheme will further strengthen India’s role in global electronics supply chains. The guidelines for the scheme will be released soon.

Vaishnaw also inaugurated VVDN Technologies’ advanced Surface Mount Technology (SMT) Line and a Mechanical Innovation Park at their Global Innovation Park in Manesar.

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He shared that India’s electronics manufacturing has grown five times in the last six years, now worth over Rs 11 lakh crore. Exports have increased sixfold in the last decade, crossing Rs 3.25 lakh crore. Calling it a major success of the ‘Make in India’ initiative, he said the sector now employs over 25 lakh people and is set to grow even more.

The Minister also highlighted India’s growing design capabilities, noting that over 5,000 engineers at the Manesar site are working on advanced AI-powered systems. He said India now has the talent to both design and manufacture high-tech electronic products, giving the country a strong competitive edge. He encouraged the engineers and workers to keep contributing to the growth of India’s electronics sector.

Last month, the Union Cabinet approved a new PLI scheme for non-semiconductor electronics components, with a budget of Rs 22,919 crore.

The goal is to attract Rs 59,350 crore in investments, boost production worth Rs 4,56,500 crore and create 91,600 direct jobs along with many more indirect ones.

The scheme covers components like display modules, camera sub-assemblies, PCB assemblies, lithium cell enclosures, resistors, capacitors, ferrites and more.

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