India’s electronics ecosystem is buzzing with activity. Under the government’s ambitious ₹22,919 crore Component Manufacturing Scheme, several major players have announced plans to collectively invest over ₹3,000 crore to ramp up local manufacturing of sub-assemblies and components.
Among the first movers are Dixon Technologies, Micromax, and Sancraft Electronics, each gearing up to infuse approximately ₹1,000 crore into manufacturing units. The investments are expected to focus on high-value components and finished electronics sub-assemblies, which are critical to reducing import dependence.
The government’s intent is clear—boost value addition within the country and position India as a serious contender against established electronics hubs like South Korea and Taiwan. Companies under this scheme aim to increase domestic value addition from the current 18-20% to 30-35%, bringing India closer to global benchmarks.
This move is projected to bring not only economic benefits but also employment growth, supply chain resilience, and stronger technological capabilities across the board.