Wipro arm, Micromax, Jyoti CNC lead ₹7,877cr electronics investments
New Delhi: The Union IT ministry announced its first tranche of approvals for electronics component facilities in India, with 31 projects investing ₹7,877 crore to manufacture mobile enclosures, copper coils, and rare-earth magnets, and to assemble speakers, microphones, and car displays.
The approvals are part of a ₹40,000-crore Electronics Components Manufacturing Scheme (ECMS) that the ministry of electronics and IT (Meity) notified in April last year.
