Govt approves seven projects worth ₹5,532 crore under electronics components scheme

Union Electronics and IT Minister Ashwini Vaishnaw has said that the government has approved seven projects worth ₹5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme. He said the production of electronics components from the approved projects is likely to reduce the import bill of around ₹20,000 crore.

Moreover, he stated that proposals for the manufacturing of multi-layer printed circuit boards (PCBs) or motherboard base, camera modules, copper laminates, and polypropylene films (used in capacitors for consumer electronics) have been approved.

Approvals have been granted for four projects from the Kaynes Group, and one project each from Syrma Group, Ascent Circuits of Amber Group, and SRF. Kaynes' four projects at an investment of ₹3,280 crore comprise the production of multi-layer PCBs worth ₹4,300 crore, camera module sub-assembly worth ₹12,630 crore and HDI (High-Density Interconnect) PCBs worth ₹6,875 crore.

The Ascent Circuits project, entailing ₹991 crore investment, is likely to produce multi-layer PCB worth ₹7,847 crore, Syrma Strategic Electronics' ₹765 crore investment would make multi-layer PCB worth ₹6,933 crore, and SRF's investment proposal of ₹496 crore is estimated to produce polypropylene film worth ₹1,311 crore. Vaishnaw said the PCB projects approved in the initial phase will meet 27% of the total domestic demand and 15% of the camera modules requirement. He said that first copper laminates and polypropylene films used in capacitors will be made in India, and they will meet 100% of the domestic demand.