Govt clears 7 projects worth Rs 5,500 cr under electronics components scheme

New Delhi: The government has approved seven projects worth Rs 5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme, Union Electronics and IT Minister Ashwini Vaishnaw said on Monday.

The minister said the production of electronics components from the approved projects is likely to reduce the import bill of around Rs 20,000 crore.

“Seven plants under electronics components have been approved. In the coming days, many more projects will be approved. We expect these projects to reduce the import bill by around Rs 20,000 crore,” Vaishnaw said.