Cabinet Approves Electronics Component Manufacturing Scheme

29 Mar 2025 CW Team

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Electronics Component Manufacturing Scheme with a funding of Rs 229.19 billion. The scheme is a major step towards making India Atmanirbhar (self-reliant) in the electronics supply chain, attracting both domestic and global investments, and developing a robust manufacturing ecosystem.

Key Objectives and Expected Impact Investment Potential – The scheme aims to attract investments worth Rs 593.5 billion. Production Growth – Expected to result in the production of Rs 4565 billion worth of electronic products. Employment Generation – Will create 91,600 direct jobs along with several indirect employment opportunities.

Salient Features of the Scheme Differentiated Incentives – The scheme offers targeted incentives to overcome specific barriers in manufacturing various components and sub-assemblies India’s Electronics Manufacturing Growth India’s electronics sector has seen remarkable growth, with domestic production rising from Rs 1.90 trillion in 2014-15 to Rs 9.52 trillion in 2023-24, achieving a CAGR of over 17%.

Electronics exports have also surged from Rs 0.38 trillion in 2014-15 to Rs 2.41 trillion in 2023-24, with a CAGR exceeding 20%.

Strengthening India’s Position in Global Electronics Market Electronics is among the fastest-growing industries worldwide, playing a crucial role in economic and technological development. By boosting domestic manufacturing and exports, this scheme will enhance India's global competitiveness and strengthen its integration into international supply chains.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..