Govt approves 29 electronics manufacturing projects worth $750 million, eyes $500 billion industry by 2031

The Centre on Monday approved 29 proposals from various companies under its electronics component manufacturing programme, with a total investment of 71.04 billion rupees ($751.21 million), the Electronics and Information Technology Ministry said.

The government has launched a series of incentive programs to attract global and domestic investors, expand local manufacturing capacity, reduce import dependence and strengthen supply chains as it looks to improve its electronics manufacturing.