top of page

India Advances Electronics Manufacturing with New Projects

  • tech360.tv
  • Oct 28
  • 2 min read

The Indian government has approved a first batch of seven projects, worth over 55 billion rupees (USD 625.75 million), to boost domestic manufacturing of electronics components. This initiative aims to expand local production capacity within the country.


Electronic circuit board on a workbench, surrounded by tools and wires. Bright, focused colors. Tech workshop setting.
Credit: Times of India

The electronics and IT ministry stated the approval includes four projects by Kaynes Circuits India. These projects cover multi-layer and high-density printed circuit boards, camera modules, and laminates.


Additional projects were also approved for SRF, Syrma Strategic Electronics, and Ascent Circuits.


These manufacturing projects will be located in the states of Tamil Nadu, Andhra Pradesh, and Madhya Pradesh. They are expected to produce components worth 365.59 billion rupees, according to the ministry.


Furthermore, the projects are projected to create over 5,100 direct jobs.


Close-up of a machine assembling a green circuit board, with multiple precision nozzles working over detailed components in a tech setting.
Credit: Agencies

The government's move seeks to reduce import dependence and strengthen supply chains for several sectors. These include defence, telecom, electric vehicles, and renewable energy.


India has been increasing efforts to boost electronics manufacturing by launching a series of incentive programs. These programs include production-linked incentive (PLI) schemes and the Semiconductor Mission.


These initiatives are designed to attract both global and domestic investors. Electronics manufacturing has gained momentum as global organisations, including Alphabet's Google and Apple, expand their supply chains away from China.


India's electronics manufacturing sector is projected to grow significantly. It is set to reach 6 trillion rupees in fiscal year 2027, up from 1.46 trillion rupees in 2022.


Brokerage Motilal Oswal shared this projection in a note.

  • The Indian government approved seven electronics manufacturing projects.

  • The projects are valued at over 55 billion rupees (USD 625.75 million).

  • They aim to boost domestic electronics components production, creating over 5,100 direct jobs.


Source: REUTERS

 
 
 

Comments

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page