Overview
- The IT ministry, which approved 29 new proposals Monday, mapped ₹7,104 crore in investment for components production valued at about ₹84,515 crore and about 14,246 direct jobs.
- With the latest tranche, total ECMS approvals now stand at 75 projects with ₹61,671 crore in committed investment, about 65,040 direct jobs, and projected output of ₹4.51 lakh crore.
- The approvals include India’s first rare‑earth permanent magnet plant by Lohum Cleantech in Uttar Pradesh, alongside projects for display modules, flexible PCBs, capacitors, connectors, Li‑ion cells, and capital equipment by firms such as Dixon, VVDN, Molex, TDK and Syrma.
- Minister Ashwini Vaishnaw set a 15‑day deadline and warned he could halt disbursements and new approvals for companies that do not present plans for in‑country product design, Six Sigma programs, talent development and local sourcing.
- The government says the new capacity will reduce import dependence across key parts like printed circuit boards, capacitors, relays, metallised films and rare‑earth magnets to strengthen supply chains for mobile, automotive, electronics and defence.