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Business·1 min read

India Clears 12 More Electronics Component Proposals Worth Rs 7,500 Cr

The Indian government has approved 12 more proposals worth over Rs 7,500 crore under its electronics components scheme and launched the Semicon 2.0 web portal.

Electronics components being assembled on a manufacturing line in an Indian factory.
Image: YourStory

The Indian government has cleared 12 additional proposals worth more than Rs 7,500 crore under its electronics components scheme, widening the pipeline of domestic manufacturing projects backed by the programme.

Alongside the approvals, the government launched the Semicon 2.0 web application portal under the Semicon India Programme, which it describes as an ambitious effort to build a semiconductor ecosystem in the country.

What the approvals mean

The electronics components scheme is meant to deepen local production of the parts that go into phones, appliances, vehicles and other devices. Clearing a further batch of proposals signals that the scheme continues to attract investment commitments, with this round alone crossing the Rs 7,500 crore mark.

The announcement did not, in the material available, detail which companies were approved or what specific components they will make. Those specifics will determine how much of the new capacity addresses current import dependence.

The Semicon 2.0 portal

The new web application portal is tied to Semicon 2.0 under the Semicon India Programme. A dedicated online channel is intended to give applicants a single place to engage with the programme, which can matter for companies planning capital-intensive projects with long lead times.

For manufacturers, startups and suppliers in the electronics value chain, the combination of fresh approvals and a digital application route points to continued government support for local production. Further details on the approved projects and the portal's rollout are expected from the authorities as implementation proceeds.

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Tags:indiaelectronics componentssemicon indiasemicon 2.0manufacturing

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