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India Approves ₹7,100 Crore Electronics Investments, Including First Rare Earth Magnets Plant

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India Clears ₹7,100 Crore Electronics Investments, First Rare Earth Magnets Facility

Neodymium at a rare earth factory in Baotou, Inner Mongolia, China. Photographer: Nelson Ching/Bloomberg

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CNBC TV18•30-03-2026, 13:46

India Clears ₹7,100 Crore Electronics Investments, First Rare Earth Magnets Facility

•India approves ₹7,100 crore investments under the fourth round of its Electronics Components Manufacturing Scheme.
•First rare earth magnets facility approved in Uttar Pradesh with a ₹700 crore investment by Lohum Cleantech.
•Total approved investments under the scheme reach ₹61,671 crore, targeting ₹4.51 lakh crore cumulative production.
•Syrma SGS Technology gets approval for two projects in Andhra Pradesh: a ₹588 crore flexible PCB unit and a ₹385 crore laminates facility.
•Dixon Technologies and VVDN Technologies also receive approvals for display manufacturing and heat sink units, respectively.

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