Govt clears 29 investment proposals worth Rs 7,104 cr under Electronics Component Manufacturing Scheme

The government on Monday approved the 29 applications under the fourth tranche of the Electronics Component Manufacturing Scheme, with the cumulative investments pegged at Rs 7,104 crore.

The Ministry of Electronics and IT (Meity) Secretary, S Krishnan, said the fresh investment proposal will create as many as 14,246 new jobs in the segment. The new applications will lead to the production of electronics components worth Rs 84,515 crore, he said.

With this new set of approvals, Meity has approved a total of 75 applications.