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Key Points

5 points
1

Funding increased from 22,919 crore to 40,000 crore rupees.

2

106 projects approved in 15 states, with 38 plants already producing.

3

Projected production value of 5.34 lakh crore rupees.

4

Goal to create 74,628 direct jobs and 250,000 indirect jobs.

5

Target of $500 billion domestic electronics manufacturing by 2030.

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Summary

More than 100 projects have been approved, covering items such as printed circuit boards, camera modules, lithium‑ion cells and rare‑earth magnets, and are expected to create roughly 75,000 direct and 250,000 indirect jobs.

The initiative aims to build a resilient domestic supply chain and help India achieve a $500 billion electronics manufacturing ecosystem and $150 billion in exports by 2030.

Alongside component manufacturing, the plan supports the semiconductor ecosystem, linking design, testing and chip production to create a full technology value chain.

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New Words to Learn

9 words
electronics
devices that use electricity to work, like phones and computers
components
small parts that are assembled to make electronic devices
semiconductor
material used to make chips that control electronic circuits
supply chain
the series of steps that move raw materials into finished products
lakh
a unit equal to one hundred thousand
crore
a unit equal to ten million
direct jobs
positions where people work directly in the manufacturing process
indirect jobs
positions that support manufacturing, such as transport or services
resilient
strong and able to keep working even when faced with challenges
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