Reported about 10 hours ago
The Indian government has approved seven projects worth over 55 billion rupees ($626 million) to boost domestic electronics component manufacturing. This initiative includes projects by Kaynes Circuits India, SRF, Syrma Strategic Electronics, and Ascent Circuits, aimed at producing high-density printed circuit boards and camera modules among other components. The projects, located in Tamil Nadu, Andhra Pradesh, and Madhya Pradesh, are expected to generate over 5,100 jobs and significantly increase local production capacity, aligning with India's goal to reduce import dependence and strengthen its supply chains in key sectors.
Source: YAHOO