Government approves 34 electronic components manufacturing proposals worth Rs 111.87 billion till March 30

The government has approved 34 electronic components manufacturing proposals worth Rs 111.87 billion till March 30, 2023. 

In a written reply to the Lok Sabha, Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship, said that the government had notified a Scheme for Promotion of Manufacturing of Electronic Components (SPECS) on April 1, 2020, and applications were received till March 30, 2023. He informed that as on March 30, 2023, 120 applications had been received under SPECS. The applications received under the scheme are from domestic companies. As on March 30, 2023, 34 applications with a total project cost of Rs 111.87 billion have been approved under the scheme.

Under the scheme, the approved proposals include those from Tata Electronics, Samsung Display Noida Private Limited, Salcomp Technologies, Sahasra Semiconductors, IdemiaSyscom, Deki Electronics, Molex India and Continental Device India Private Limited.