Govt okays 22 proposals under electronics components mfg scheme
The Ministry of Electronics and IT on Friday said it has approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), with a projected investment of INR41,863 crore and production of INR2,58,152 crore.
The approved proposals include those from Dixon, Samsung Display Noida Pvt Ltd, Foxconn (Yuzhan Technology India Pvt Ltd), and Hindalco Industries. These approvals are expected to spur 33,791 direct employment opportunities.In continuation of the approvals for 24 applications for an investment of INR12,704 crore announced earlier, the Ministry of Electronics and Information Technology (MeitY) has further approved 22 proposals under the ECMS, with a projected investment of INR41,863 crore and projected production of INR2,58,152 crore.
Union IT Minister Ashwini Vaishnaw gave out the approval letters to the players on Friday.As per a background note circulated by the Ministry on the third tranche of approvals, the nod includes the manufacturing of 11 target segment products that have cross-sectoral applications, such as mobile manufacturing, telecom, consumer electronics, strategic electronics, automotive, and IT hardware. The approved projects are spread across eight states, including Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan, and reflect the government’s focus on geographically balanced industrial growth and expansion of electronics manufacturing across the country. Of 11 products, 5 are bare components such as PCBs, Capacitors, Connectors, Enclosures, and Li-ion Cells; 3 pertain to sub-assemblies such as Camera Modules, Display Modules, and Optical Transceivers; and 3 are supply chain items such as Aluminium Extrusion, Anode Material, and Laminate.
The background note said the approvals aim to significantly strengthen domestic supply chains, reduce import dependence for critical electronic components, and support the growth of high-value manufacturing capabilities in India.
