14,000 Jobs Created as Govt Clears Electronics Manufacturing Projects

Electronics Component Manufacturing Scheme Sees ₹7,104 Crore Investment, 14,246 Jobs Created​

New Delhi, March 30 – The government has approved 29 new applications under its electronics component manufacturing scheme, aiming to bolster domestic production and investment within the sector.

Investment and Employment Boost​

According to S Krishnan, Secretary at the Ministry of Electronics and IT (MeitY), these fresh proposals represent a cumulative investment of ₹7,104 crore. The approved projects are projected to generate approximately 14,246 jobs, providing a significant boost to employment within the electronics manufacturing segment. Furthermore, the new investments are expected to lead to the production of electronic components valued at ₹84,515 crore.

Scheme Progress​

With the latest approvals, the total number of applications cleared under the scheme has now reached 75.

Digital Economy Growth​

Meanwhile, Mr. Krishnan highlighted the rapid expansion of India’s digital economy. Previously accounting for around 6-7 per cent of the country’s GDP before 2010, the digital economy had doubled by 2014. Currently, it is expanding at twice the pace of the overall economy.

NIELIT and Northeast Development​

Addressing the Nagaland Digital Entrepreneurship and Startup Fest in December last year, Mr. Krishnan emphasized the abundant talent among Naga youth, particularly their creativity and English proficiency. He noted that out of 55 NIELIT centres across India, 20 are located in the Northeast region. The Cyber Security Lab at NIELIT Kohima is described as state-of-the-art and among the best in the country, contributing significantly to cyber policing. Mr. Krishnan also stressed that India cannot rely on foreign technologies for critical areas like cybersecurity.