NEW DELHI: Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, on Tuesday said that with electronics component manufacturing taking roots in India, the growth of electronics will generate thousands of new jobs.
The approval of the first tranche of seven projects worth over Rs 5, 500 crore under the Electronics Components Manufacturing Scheme (ECMS) signals a strong push to deepen India’s electronics value chain.
The initiative reflects the government’s focus on building a robust domestic base for high-value components to support large-scale manufacturing, according to an official statement.