Centre Clears First Set Of Projects Under Electronics Parts Scheme (Photo by Sahand Babali on Unsplash ) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Union government has approved the first tranche of projects under the Electronic Components Manufacturing Scheme, marking a major step in India's bid to localise the production of key components, such as PCBs, camera modules, laminates and polypropylene films.

The Ministry of Electronics and IT has cleared seven projects with a total proposed investment of Rs 5,532 crore. It is expected to generate over 5,000 direct jobs and production worth Rs 44,406 crore, officials told NDTV Profit .

The approved companies include four projects from the Kaynes Group and one each from SRF, Syrma Group and Ascent Circuits, a s

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