Electronics and IT Minister Ashwini Vaishnaw today launched Electronics Component Manufacturing Scheme Guidelines and Online portal in New Delhi.

 

 

 

Recently, the Union Cabinet had approved this scheme with a funding of 22 thousand 919 crore rupees to make India Atmanirbhar in the electronics supply chain. The guidelines have been formulated with intense industry consultation. The scheme will be open to receive application from 1st May through the online portal.

 

 

 

Speaking on the occasion, Mr Vaishnaw said, the electronics manufacturing has increased five times and Electronics export has increased six times in the last 10 year. He requested industry to setup design team.

 

 

 

 

Electronics Component Manufacturing Scheme aims to develop a robust component ecosystem by attracting large investments in the electronics component manufacturing ecosystem, increasing Domestic Value addition by integrating Indian companies with Global Value Chains.

 

 

 

 

It envisages to attract investment of over 59 thousand crore rupees and generate additional direct employment of over 91 thousand persons. The applicants under the scheme will be given incentives based on the number of direct jobs created, capital expenditure done by the companies and on the turnover of the companies.