New Delhi, Oct. 2 -- India's scheme offering incentives to create an electronics component supply chain has generated strong interest as the Centre received 249 applications, proposing investments totalling $13 billion ( Rs.1.15 trillion), according to Union IT minister Ashwini Vaishnaw.

The total investments proposed by conglomerates and small enterprises is nearly double the $6.7 billion ( Rs.59,350 crore) the ministry of electronics & IT (Meity) had expected, said Vaishnaw, without disclosing the names of the companies, citing that applications are under evaluation.

"Alongside investments, we have also received electronics production estimates of more than Rs.10.34 trillion ($116 billion)-as against our target of Rs.4.56 trillion ($5...