New electronic component scheme to double local value addition to 40 pc over five years: Elcina

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India's first scheme for non-semiconductor electronic components (ECMS) has attracted record investment proposals worth Rs 1.15 lakh crore, significantly exceeding its target. This overwhelming response is projected to double local value addition in electronics manufacturing to 35-40% within five years, boosting India's production prowess. Industry bodies urge state governments to enhance ease of doing business to support this growth.