Budget 2026: India Boosts Electronic Manufacturing with ₹40,000 Crore Outlay
Budget
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CNBC TV18•01-02-2026, 17:47
Budget 2026: India Boosts Electronic Manufacturing with ₹40,000 Crore Outlay
- •Finance Minister Nirmala Sitharaman proposed increasing the outlay for the Electronic Components Manufacturing Scheme to ₹40,000 crore in Budget 2026.
- •The scheme aims to strengthen India’s domestic electronics supply chain and attract investments, building on the success of the previous ₹22,919 crore allocation.
- •Shares of electronic manufacturing companies like Kaynes Tech, Dixon Tech, PG Electroplast, and Syrma SGS Tech surged over 5% following the announcement.
- •The government also allocated ₹1,248.3 crore for R&D in Electronics and IT and increased capital expenditure for FY27 by 22%.
- •Prof. Indranil Manna highlighted the India Semiconductor Mission 2.0, backed by the allocation, as a step towards a full-stack semiconductor ecosystem and aligning academic programs with industry needs.
Why It Matters: India significantly increases investment in electronic component manufacturing to boost domestic supply chains and attract investment.
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