Budget 2026: Electronic Component Manufacturing Set for Major Boost

• Electronic component manufacturing is expected to receive a significant boost in the upcoming Budget 2026.
• The IT Ministry has advocated for an increased allocation to the existing scheme aimed at promoting this sector.
• Previously, the government had sanctioned a 22,000 crore scheme to support electronic component manufacturing.
• Reports suggest the allocated amount for the scheme could potentially double, indicating strong government support.
• Aseem Manchanda of CNBC-Awaaz provided detailed insights into these budget expectations.

Why It Matters: Budget 2026 is poised to significantly enhance electronic component manufacturing through increased funding.