17 electronics parts projects get nod

NEW DELHI: Govt on Monday approved 17 projects under Electronics Component Manufacturing Scheme (ECMS), entailing an investment of Rs 7,172 crore. Govt wants greater involvement of domestic companies in electronics supply chain, especially in view of changing geopolitical situation, electronics and IT minister Ashwini Vaishnaw said on Monday.

These projects are expected to create 11,800 jobs. The new set of approved applications includes that of Jabil, Aequs, ASUX Safety, AT&S, Ehoome IoT, Hi-Q Electronics, UnoMinda and Zetwerk. Other applicants in the list are Meena Electrotech, MicroPack, Rakon, Sahasra, Secure Meters, Sierra Circuits, Syrma Mobility, and TE Connectivity. Vaishnaw said ECMS is unlocking the next phase of value chain integration, from devices to components and sub-assemblies, ensuring the electronics sector reaches $500 billion in manufacturing value by 2030-31.He said for a strong global play, India will have to focus on building design teams, ensuring six sigma quality standards in all its products, and partnering with 'Swadeshi' suppliers in projects. Quality systems will be a key part of the evaluation process. "The way geopolitics and geoeconomics are emerging, the challenges will be bigger, and in those challenging periods, your ability to have good supply chain control will define your resilience and ability to compete in difficult times.

" The components to be manufactured would serve key sectors, including smartphones, IT hardware, wearables, telecom, EVs, industrial electronics, defence, medical electronics, and renewable energy - all essential building blocks of new economy. These 17 projects will lead to production worth Rs 65,111 crore. The projects include manufacture of camera modules, multi-layer PCBs, enclosures for electronic devices, connectors, oscillators, and optical transceivers. In first tranche announced on Oct 27, seven applications with investment of Rs 5,532 crore were approved with a potential to create 5,000 jobs.