Boosting India's Electronics: ₹3,000 Crore Investment in Components

Leading electronics manufacturers in India, such as Dixon Technologies, Micromax, and Optiemus Electronics, are set to invest approximately Rs 1,000 crore each in the Rs 22,919 crore electronics component manufacturing scheme.

The recently approved scheme, which was greenlit by the Cabinet, offers incentives based on turnover and capital expenditure, with a focus on sub-assemblies, components, and capital equipment. Its primary goal is to raise India’s domestic value addition to 30-35 percent, in line with global leaders like South Korea and Taiwan. The initiative is designed to enhance local production of high-value components and sub-assemblies used in products such as mobile phones and laptops.

Dixon Technologies plans to invest Rs 800-1,000 crore in FY26 to set up camera module and display assembly lines, as well as mechanical components. Micromax, committing Rs 1,000 crore over three years, will focus on manufacturing display assemblies, camera modules, and mechanical components. Optiemus Electronics is currently in the process of securing partners for its participation and will concentrate on display, camera, and mechanical components.

News by Rahul Yelligetti.