The electronics component manufacturing scheme has received a major boost, with the government receiving investment proposals worth Rs 1.15 lakh crore, electronics and IT minister Ashwini Vaishnaw said on Thursday. The submissions have surpassed the government’s expectations across investment , production and employment, Vaishnaw said.

Significant financial recovery and realisation rate

“The application window for the electronics component manufacturing scheme closed on September 30. We have received investment proposals of Rs 115,351 crore,” Vaishnaw told reporters, adding that the target had been Rs 59,350 crore. “Against a production target of Rs 456,500 crore, we have received production estimates of more than Rs 10,34,000 crore. That is more than double what we had set,” he sa

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