Central government approves 12 new proposals worth over ₹7,500 crore under electronics scheme

According to a PTI report, the central government has approved a new batch of 12 new proposals worth over ₹7,500 crore under the Electronics Components Manufacturing Scheme (ECMS). This information was given by IT Secretary S. Krishnan on Friday. These approvals are considered very important in the electronics sector.

This recent round of approvals also includes projects related to materials and capital goods. With this step, the scope of this scheme in the electronics supply chain is expected to expand further. This decision by the government will further strengthen the momentum behind the entire scheme.

The main objective of this scheme is to build a domestic ecosystem for components and reduce India's dependence on imports. The government is very keen to strengthen upstream segments such as raw materials and manufacturing equipment, not just component manufacturing.

In addition to this, the government on Friday also launched the Semicon 2.0 web application portal under the ambitious Semicon India Programme. It is believed that the launch of this portal will give further impetus to the Semicon programme. Continuous efforts are being made by the government to become self-reliant in the electronics and semiconductor sectors.