Govt Received 70 Applications For Electronic Component Manufacturing Scheme

“Electronics component manufacturing scheme has received tremendous response. Within 15 days of opening the application, around 70 applications have come,” Vaishnaw told an Delhi based agency.

The minister did not disclose the name of applicants. However, sources have earlier mentioned that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest in the scheme. “While some of the big players have applied, there has been huge interest in the scheme from small and medium players,” Vaishnaw said.

The government opened applications for the Rs 22,805-crore electronics component-manufacturing scheme (ECMS) on May 1. The scheme aims to address demand-supply deficit in the electronic component segment. “80 percent of the applications have come from small and medium enterprises,” the minister added.

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 $248 billion (about Rs 21 lakh crore) by 2030 to cater to projected $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.