India Boosts Electronics Manufacturing: 22 New ECMS Proposals Approved, 33,791 Jobs Created

Business
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Moneycontrol•03-01-2026, 03:58
India Boosts Electronics Manufacturing: 22 New ECMS Proposals Approved, 33,791 Jobs Created
- •Government approves 22 new proposals under the Electronic Component Manufacturing Scheme (ECMS) to boost domestic production.
- •Major companies like Dixon, Motherson, Hindalco, and BPL are part of these projects, with a total investment of ₹41,863 crore.
- •The initiatives are expected to generate production worth ₹2,58,152 crore and create 33,791 direct employment opportunities.
- •Manufacturing will include critical components like lithium-ion cells, displays, and camera modules for various sectors across 8 states.
- •Union Minister Ashwini Vaishnaw confirmed 4 companies, including Micron and Tata Electronics, will start semiconductor units by 2026.
Why It Matters: India strengthens its electronics manufacturing base, aiming for self-reliance and job creation.
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