Among the beneficiaries are Samsung Electronics, Tata Electronics, and Foxconn, whose projects will receive government subsidies under the Electronics Component Manufacturing Scheme, which has a total outlay of 229.19 billion rupees. The approved initiatives include the production of mobile phone enclosures, camera sub-assemblies, and other electronic components.
The projects, spread across eight states, are expected to produce components valued at 2.58 trillion rupees ($28.62 billion) and generate employment for roughly 34,000 people, according to the ministry.
India has been actively promoting electronics manufacturing through incentive programs aimed at attracting investment, expanding local production capacity, reducing import dependence, and strengthening supply chains across sectors. The country’s electronics manufacturing sector produced goods worth $125 billion in the year ending March 2025, and the government aims to scale this to $500 billion by fiscal 2031.