India Approves over $750 Million in Projects for Electronic Component ...
- India's Ministry of Electronics and Information Technology approved 29 projects under the Electronics Component Manufacturing Scheme, totaling Rs 7,104 crore in investment and expecting to create 14,246 jobs with production output of Rs 84,515 crore.
- The approved projects cover 16 product segments, including lithium-ion cells, flexible PCBs, and display modules, across eight states, with Karnataka and Maharashtra having the most projects.
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MeitY approves 29 projects worth Rs 7,104 crore under 4th tranche of ECMS; to generate over 14,000 jobs - The Tribune
The ministry said the latest approvals include India's first manufacturing facility for rare earth permanent magnets from rare-earth oxides, marking an important step towards strengthening domestic capabilities in critical electronic components. Among the approved proposals, six applications in the capital goods segment account for investments worth Rs 1,683 crore, while two applications for display module sub-assembly manufacturing involve inve…
Govt clears 29 investment proposals worth Rs 7,104 cr under Electronics Component Manufacturing Scheme
The government has approved 29 new applications under the Electronics Component Manufacturing Scheme. This initiative will bring in investments worth Rs 7,104 crore. As many as 14,246 new jobs will be created in the electronics sector. These approvals are expected to boost the production of electronics components significantly. This marks a major step in strengthening India's manufacturing capabilities.
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