Govt Clears 31 Electronics Component Applications Worth Rs 7,877 Crore Under ECMS 2.0
· Business · Moneycontrol, ndtvprofit, NDTV Profit
The Ministry of Electronics and Information Technology has cleared 31 applications under the Electronics Component Manufacturing Scheme 2.0, involving a total investment of Rs 7,877 crore. The approved projects include manufacturing plants set up by companies such as Kaynes Technology and Wipro, which are slated to go live soon. The initiative aims to boost domestic electronics manufacturing and strengthen the local component supply chain.
Why it matters
The approvals directly boost domestic electronics manufacturing capacity in India, involving key industrial players like Kaynes and Wipro. The investments aim to reduce import dependence and expand the local component supply chain.
Read the original report — Moneycontrol
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