Categories: INDIA

Indian designs may lose subsidies, IT & Electronics Minister Ashwini Vaishnaw tells electronics companies

Companies under the electronic components manufacturing scheme must integrate design, quality and engineering into India or risk losing support, Union IT Minister Ashwini Vaishnaw said on Monday, signaling a shift from scale to strategic value. The warning comes amid a raft of new approvals, underscoring the scale of the scheme. The ministry has approved 29 new projects involving investments of Rs 7,104 crore, taking the total approvals to Rs 61,671 crore, exceeding the initial target of Rs 59,350 crore.Vaishnaw pointed to gaps in the industry’s response. “The real value will only be gained if the design is done in India,” he said, adding that incentives would be linked to deeper technical capabilities.
WEB DESK TEAM

Our team of more than 15 experienced writers brings diverse perspectives, deep research, and on-the-ground insights to deliver accurate, timely, and engaging stories. From breaking news to in-depth analysis, they are committed to credibility, clarity, and responsible journalism across every category we cover.

Recent Posts

‘India is a better mediator than Pakistan’: Israel’s Middle East war envoy

As the war in the Middle East enters its second month and efforts to de-escalate and promote peace gather pace,…

7 minutes ago

IPL Preview: India’s overlooked stars Gill, Iyer take center stage at PBKS hosts GT

Shreyas Iyer and Shubman Gill (Image: IPL) NEW CHANDIGARH: The nets at the Yadavendra Singh International Stadium on Monday will…

16 minutes ago

Indian man pleads not guilty in crash that killed pregnant US teen and her unborn child

one IndianTarsem Singh faces a series of felony charges in Ohio after a high-speed police chase led to a fatal…

33 minutes ago

Tamil Nadu: TVK chief Vijay punished for violating election rules a day after going to polls

TVK head Vijay (file photo) New Delhi: Tamilaga Vettri Kazhagam (TVK) chief Vijay was booked on Tuesday for violating the…

39 minutes ago

Trump shares video of massive explosion in Isfahan, Iran after US-Israeli attack; were bunker busters used?

President of the United States Donald Trump Earlier on Tuesday, he escalated the rhetoric and messaging surrounding U.S. military action…

1 hour ago

Energy imports from Africa grow steadily as India diversifies to fill Hormuz gap

NEW DELHI: India's crude oil, LPG and LNG supplies have improved significantly compared to a month ago when the conflict…

1 hour ago