Centre Approves 12 Electronics Manufacturing Projects Worth Over ₹7,500 Crore Under ECMS
The Government of India has approved 12 projects under the Electronics Component Manufacturing Scheme (ECMS), involving proposed investments exceeding ₹7,500 crore. The projects are expected to generate production worth ₹39,045 crore, strengthening domestic manufacturing of electronic components. The latest approvals form part of the ₹40,000 crore scheme aimed at expanding India's electronics…
The Indian government has given the green light to 12 new electronics manufacturing projects, each with proposed investments surpassing ₹7,500 crore. Collectively, these projects are anticipated to produce goods worth ₹39,045 crore, bolstering the country's domestic electronics component manufacturing sector. This recent approval is part of a larger ₹40,000 crore scheme that seeks to broaden India's electronics manufacturing landscape and lessen reliance on imported components.
The projects span across several states, with Indias largest project securing ₹3,546 crore in Gujarat, belonging to a subsidiary of Kiri Industries Ltd. Other notable investments include ₹2,438 crore in Madhya Pradesh, ₹400 crore in Uttar Pradesh, ₹236 crore in Gujarat, and ₹65 crore in Maharashtra. The latest round of approvals brings the total number of sanctioned projects under the Electronics Component Manufacturing Scheme (ECMS) to 118, with cumulative proposed investments reaching ₹77,000 crore.
These projects are expected to generate production valued at ₹5,73,146 crore, surpassing the initial target of ₹4,56,500 crore.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
