Kaynes, SRF, Syrma Strategic Among the Firms Approved Under Rs 5,532 Cr Electronics Component Manufacturing Scheme

New Delhi: The Ministry of Electronics and Information Technology (MeitY) has announced that the government has approved the first seven proposals under the Electronics Component Manufacturing (ECM) Scheme, marking a significant step toward strengthening India’s electronics manufacturing ecosystem and reducing import dependence for key components.

Union Minister for Electronics and IT Ashwini Vaishnaw, along with MeitY Secretary S Krishnan and India Semiconductor Mission CEO Amitesh Kumar Sinha, announced the approvals on 27 October. The projects, with a combined investment of Rs 5,532 crore, are expected to boost domestic production of printed circuit boards (PCBs), copper laminates, polypropylene films, and camera modules.

Four projects from Kaynes have received approval under the scheme for manufacturing PCBs, copper laminates and camera modules. SRF Ltd has been approved for polypropylene film production, while Syrma Strategic and Ascent Circuits have received approval for multi-layer PCB projects.

Speaking at the event, Vaishnaw said the approvals represent “a major step in strengthening India’s electronics ecosystem.” He highlighted that the components to be manufactured – including PCBs, copper laminates, camera modules and thin films used in capacitors – are vital for the production of a wide range of devices such as laptops, servers, industrial systems, trains, rockets and aircraft.

Outlining the expected impact, the minister said that the approved projects will meet 20 per cent of India’s domestic demand for multi-layered PCBs, 15 per cent for camera modules and 100 per cent for copper-clad laminates. He added that these initiatives align with the government’s goal of building a self-reliant electronics supply chain and deepening India’s manufacturing capabilities in critical technology areas.

The ECM Scheme, part of the broader effort to make India a global hub for electronics design and manufacturing, aims to attract large-scale investments in the production of electronic components and ensure the country’s long-term competitiveness in the global value chain.