India has approved ₹41,863 crore in electronic component investments covering 22 new proposals from the likes of Foxconn, Dixon, Samsung and Tata Electronics among others as the Narendra Modi government steps up efforts to build local supply chains and challenge China. According to sources, a large chunk of investments and employment will come from Apple’s new vendors, who are now joining its global supply chain. Notably, Motherson Electronic Components, Tata Electronics, ATL Battery Technology India, Foxconn (Yuzhan Tech India’s), and Hindalco Industries are five vendors from Apple’s ecosystem. The approved projects are spread across eight states, including Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan. Union IT minister Ashwini Vaishnaw underlined the Centre’s focus on big reforms, enabling policies and efficient and speedy execution of projects and initiatives.

Source: The Telegraph January 03, 2026 03:19 UTC