70 applications received for scheme to produce electronic components
The Hindu
Government receives 70 applications for ₹23,000-crore electronics component manufacturing scheme, majority from small and medium enterprises.
The government has received 70 applications for its ₹23,000-crore electronics component manufacturing scheme, and a majority of the applicants are small and medium enterprises, according to Union Minister Ashwini Vaishnaw.
"The electronics component manufacturing scheme has received a tremendous response. A total of 70 applications were received within 15 days," Mr. Vaishnaw told PTI.
The Minister did not disclose names. However, sources have said earlier that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest.
Mr. Vaishnaw said that while some of the big players have applied, there has been huge interest among small and medium players.
"80% of the applications have come from small and medium enterprises," the minister said.
The government started accepting applications for the ₹22,805-crore electronics component manufacturing scheme (ECMS) on May 1.
The scheme aims to address the demand-supply deficit in the electronic component segment.
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