📊Executive Summary

The Indian Union Cabinet has approved a ₹22,919 crore scheme aimed at boosting electronics component manufacturing over six years. This initiative focuses on enhancing domestic production of passive and active components, including semiconductors, circuit boards, and lithium-ion batteries. The scheme aims to increase the domestic value addition in electronics from 20% to 40% within five years, targeting investments of ₹59,350 crore and creating approximately 91,600 jobs. Unlike previous initiatives, this scheme will provide incentives based on factory turnover and job creation rather than production-linked incentives. The government has not yet detailed the allocation of funds across different component categories, but the scheme is expected to stimulate innovation and attract investments in various manufacturing clusters across India....