India Boosts Electronics Manufacturing: 22 PLI Projects Approved, ₹41,863 Cr Investment

• India approves 22 projects under Electronics Component PLI scheme, attracting ₹41,863 crore investment and creating ~37,000 jobs.
• Projects aim for ₹2.58 lakh crore output, with over half the investment (₹22,000 crore) directed towards the Apple ecosystem.
• Dixon Technologies secures two projects, including a joint venture with a Chinese-linked Singapore subsidiary, a first for the scheme.
• Major players like Foxconn (first component investment), Samsung, Tata Electronics, Motherson, and Hindalco also received approvals.
• The scheme focuses on building a domestic value chain for key components and enhancing export competitiveness.

Why It Matters: India's PLI scheme for electronics components gains momentum with 22 new projects, boosting local manufacturing.