INDUSTRY
31 electronics component projects worth Rs 7,877 crore get government nod
- IBJ Bureau
- Aug 18, 2026
The government has approved 31 fresh proposals under the ambitious Electronics Component Manufacturing Scheme (ECMS), involving investments of Rs 7,877 crore.
With this nod, the total number of projects cleared across five tranches adds up to 106 with cumulative investments surpassing Rs 69,000 crore.
After awarding approval certificates to players, Union Electronics and IT Minister Ashwini Vaishnaw noted that the scheme has attracted private investments that have exceeded targets set originally.
“When we made the Electronic Components Scheme, the manufacturing scheme, we kept a target of Rs 59,000 crore. I am so glad the scheme has already achieved Rs 69,000-crore investment. Private investment is happening now, and it is coming in very crucial sectors,” Mr Vaishnaw has added.
The approvals come as India looks to deepen domestic value addition in electronics by strengthening local supply chains, reducing dependence on imports of critical components and building advanced manufacturing capabilities.
It is in line with the government’s broader goal of positioning India as a global hub for electronics manufacturing.
Electronics and IT Secretary S Krishnan has announced that the MEITY (the Ministry of Electronics and IT) has cleared almost 31 applications in the latest round involving a total investment of Rs 7,877 crore.
The approvals include projects in areas such as capital goods, camera modules, display modules, connectors, anode material, enclosures, rare earth permanent magnets, speakers and microphones, antenna, metallised films for capacitors and coils, among others.
The specific proposals greenlit in the latest round include Jyoti CNC Automation (Rs 1,021 crore), Micromax Precision Moulding (Rs 565 crore), VVDN Technologies (Rs 100 crore), Resolute Group’s SkyQuad Electronics and Appliances (Rs 740 crore), Mitsubishi Electric India (Rs 99 crore), Wipro Global Engineering and Electronic Materials (Rs 1,033 crore additional investment), Gruner India (Rs 79 crore) and Centum Electronics (Rs 54 crore).
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