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India’s government approved seven projects on Oct. 27, totaling over 55 billion rupees ($626 million), that will expand the domestic production of electronic parts, Reuters reported.
The first batch of projects includes four by Kaynes Circuits India, which will produce multilayer and high-density printed circuit boards (PCBs), camera modules, and laminates. India’s electronics and IT ministry approved additional projects for SRF, Syrma Strategic Electronics, and Ascent Circuits.
The investments are part of India’s broader push to deepen its electronics supply chain under various government schemes, including production-linked incentives and the India Semiconductor Mission.
According to the ministry, the projects will be located in Tamil Nadu, Andhra Pradesh, and Madhya Pradesh, and are expected to create over 5,100 direct jobs and produce components worth approximately 366 billion rupees.
Officials said the initiative will reduce import dependence and strengthen supply chains in key sectors such as defense, telecom, electric vehicles, and renewable energy.
India’s electronics manufacturing sector has grown as companies like Google and Apple move production from China. Indian financial services company Motilal Oswal projects the sector will reach 6 trillion rupees by fiscal 2027, compared to 1.46 trillion in 2022.
