Govt approves investment proposals worth Rs 86,824 crore for electronics manufacturing

New Delhi: The electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs 86,824 crore under a modified special incentive package scheme till May 31, 2022, an official note said. The proposals that were approved in May included an investment of Rs 596 crore from Bosch Automotive Electronics Private Limited, the official note dated June 24 said.

“As on May 31, 2022, 320 applications with proposed investment of Rs 89,232 crore are under consideration. Out of these 320 applications, 314 applications with proposed investment of approximately Rs 86,824 crore have been approved,” the official document said.