Electronics components scheme: Projects worth Rs 5,500 crore cleared by Government
The Union government has given its nod to 7 projects worth Rs 5,532 crore, out of 249 proposals received under the Electronics Components Manufacturing Scheme. These projects will produce essential components, such as PCBs and camera modules, and are expected to reduce the import bill by around Rs 20,000 crore.
Among the approved projects are:
- Kaynes' four projects at an investment of Rs 3,280 crore comprise the production of multi-layer PCBs worth Rs 4,300 crores
- Ascent Circuits project, entailing Rs 991 crore investment, is likely to produce multi-layer PCB worth Rs 7,847 crore
- Syrma Strategic Electronics' Rs 765 crore investment to make multi-layer PCB worth Rs 6,933 crore
- SRF Limited's investment proposal of Rs 496 crore is estimated to produce polypropylene film worth Rs 1,311 crore