Centre clears 12 electronics projects worth ₹7,500 crore
What's the story
The Indian government has approved 12 projects under the Electronics Component Manufacturing Scheme (ECMS), with a combined investment of over ₹7,500 crore. The move is part of the government's larger plan to boost domestic electronics component manufacturing and strengthen India's electronics manufacturing ecosystem. The approved projects are expected to generate production worth ₹39,045 crore.
Investment details
Major investments in Gujarat and Madhya Pradesh
Among the approved projects, Indo Asia Copper has made the largest investment of ₹3,546 crore in Gujarat. The company is a subsidiary of Kiri Industries Ltd.
Another major investment comes from TACC, the subsidiary of HEG Advanced Materials, which will invest ₹2,438 crore in Madhya Pradesh.
These two projects alone account for a significant portion of the total investment approved under ECMS.
Additional projects
Other approved projects from various companies
Other approved projects include Vidyuta Materials's ₹400 crore investment in Uttar Pradesh and Enerfolie's ₹236 crore investment in Gujarat.
Voltix Semicon will invest ₹65 crore in Maharashtra, Rockwell Automation will invest ₹91 crore in Tamil Nadu, and Wipro Pari Robotics will invest ₹120 crore in Maharashtra.
TDConnex has two approved projects in Tamil Nadu with investments of ₹103 crore and ₹50 crore, respectively.
Scheme expansion
Total number of approved projects under ECMS rises to 118
With these latest approvals, the total number of projects approved under ECMS has gone up to 118.
These projects represent cumulative investments of ₹77,000 crore, exceeding the original target of ₹59,350 crore.
The approved projects are expected to generate production worth ₹5,73,146 crore, much higher than the initial target of ₹4,56,500 crore.