Government of India approves first batch of seven projects with investment of over ₹5500 crores under Electronics Manufacturing Component Scheme

Key Points

1. Government approves first batch of seven projects under Electronics Manufacturing Component Scheme (ECMS) with an investment of over ₹5500 crores.
2. The approved projects are expected to generate production worth ₹36,559 crore and create over 5,100 direct jobs.
3. Approved units are spread across Tamil Nadu (5), Andhra Pradesh (1), and Madhya Pradesh (1).
4. The new electronics manufacturing units aim to meet 100% of Copper Clad Laminate, 20% of Printed Circuit Boards (PCB), and 15% of Camera Module demand domestically.
5. 60% of the production from these units is intended for export.
6. The scheme has received 249 applications representing ₹1.15 lakh crore investment, ₹10.34 lakh crore production, and 1.42 lakh jobs to be created.