RBI ESINABARD ESISEBI
In one line
Context:
Government Launches ₹22,919 Cr Electronics Component Manufacturing Scheme.
Objective and Scope
- Scheme Value: ₹22,919 crore
- Aim: Promote domestic manufacturing of:
- Electronic components
- Display modules
- Camera modules
- Non-surface mount devices
- Multilayer printed circuit boards (PCBs)
- Lithium-ion cells for digital applications
Operational Timeline
- Scheme to be operationalised within 2–3 weeks
- The Ministry of Electronics and IT will start accepting applications post notification
- Operational guidelines will be finalized after consultation with industry players
Key Features of the Scheme
- Duration: 6 years with an optional 1-year gestation period
- Application types: Both greenfield and brownfield projects eligible
- Segment-wise application: Companies must apply separately for each product category
Incentive Structure
- Turnover-based incentives:
- Based on net incremental sales over the base year for goods manufactured in India
- Capex-based incentives:
- Subject to investment thresholds and commercial production start
- Hybrid incentives: Combination of turnover and capex models available
Governance and Oversight
- Governing Council chaired by the IT Secretary
- Members from:
- Department of Expenditure
- Department of Economic Affairs
- DPIIT (Department for Promotion of Industry and Internal Trade)
- Department of Telecommunications
- Ministry of Heavy Industries
- The Project Management Agency (PMA) will submit reports for application approval
Complementing India’s Electronics Manufacturing Vision
- This scheme is part of a three-tier strategy:
- Semiconductor manufacturing
- Component manufacturing
- Final product assembly (e.g., mobile phones, laptops)
- India has now moved from final goods to component manufacturing phase, as noted by Union Minister Ashwini Vaishnaw
Growth Statistics & Milestones
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- Electronics production CAGR: 17%
- Electronics exports CAGR: 20%
- FY25 smartphone exports crossed ₹2 trillion, with ₹1.5 trillion from Apple’s iPhone exports
- Electronics exports rose 54% YoY, becoming one of India’s top export categories
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