The Centre on Monday approved 29 new applications under its ambitious Electronics Component Manufacturing Scheme (ECMS), including from Dixon Display, Lohum Cleantech, ASM Technologies, and Wangda Technologies, entailing an investment of \u20b97,104 crore and the potential to produce \u20b984,515 crore worth of goods. <\/p>\n
These approved projects can generate employment for 14,246 persons, according to the Centre. <\/p>\n
This marks the first time that surface-mount device (SMD) passives will be manufactured in India, including Tantalum polymer capacitors, and also marks the first-ever rare-earth magnet manufacturing from rare-earth oxides in the nation. <\/p>\n
This comes at a time when geopolitical crises have strained supplies of rare-earth magnets, which are used in consumer technology devices and electric vehicles (EVs), forcing nations worldwide to scramble for alternate sources of procurement or commence indigenous production. 1 <\/p>\n
From the latest batch of approved companies, Dixon Display has committed a massive investment of \u20b91,100 crore, followed by Lohum Cleantech at \u20b9700 crore and Indo-MIM at \u20b9592 crore. <\/p>\n
ASM Technologies has committed to investing \u20b9565 crore, while Syrma and Ratnaveer Precision follow with \u20b9385 crore and \u20b9338 crore, respectively. <\/p>\n
Wangda Technologies said it would invest \u20b9250 crore, followed by Vishay Components (\u20b9225 crore), OEN India (\u20b9216 crore), BG Electrical (\u20b9195 crore), Titan Engineering (\u20b9192 crore), and Bharat FIH Limited (\u20b9192 crore), alongside Terminal Technologies (\u20b9175 crore) and Nest Advanced Technology (\u20b9102 crore). <\/p>\n
Closing out the recent investment wave are SFO Technologies (\u20b982 crore), Molex (\u20b970 crore), TDK India (\u20b967 crore), and Vishay Precision (\u20b965 crore). The list is rounded off by Permanent Magnets Limited (\u20b962 crore), VVDN Technologies (50 crore), Amphenol (\u20b950 crore), and Dhruv Industries (\u20b918 crore). <\/p>\n
S Krishnan, secretary, Ministry of Electronics & Information Technology (MeitY), said the approved projects, especially in SMD passives and rare-earth segments, represent a significant milestone. <\/p>\n
\u201cThe key highlights, the overall investment this time around is \u20b97,124 crore, and that would result in employment of 14,246 persons. The first-ever SMD passives, high-precision battery equipment, are very significant investments, along with the first-ever rare-earth magnet manufacturing,\u201d Krishnan said.<\/p>\n
\u201cThe total production will be valued at \u20b984,515 crore, which will be a very significant additional approach to India’s GDP as well, in addition to the resilience and strength of the economy,\u201d he added.<\/p>\n
Under the ambitious programme, the Prime Minister Narendra Modi-led government has approved projects across multiple categories with an investment of \u20b961,671 crore against a target of \u20b959,350 crore, with potential for production of \u20b94.51 lakh crore against the envisaged target of \u20b94.56 lakh crore. <\/p>\n
The projects, approved to date, can create employment for 65,040 individuals against a target of 91,600 individuals. <\/p>\n
India approved the ECMS programme in April 2025 with a financial outlay of \u20b922,919 crore. Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2026-27 this February, stated the government will nearly double the outlay to \u20b940,000 crore.<\/p>\n
“Continued policy support, ease of doing business, and a stable, long-term framework will further enable the industry to scale and integrate with global value chains. We remain confident that such initiatives will significantly contribute to positioning India as a global electronics manufacturing hub,” said Pankaj Mohindroo, chairman, India Cellular and Electronics Association (ICEA).<\/p>\n","protected":false},"excerpt":{"rendered":"
The Centre on Monday approved 29 new applications under its ambitious Electronics Component Manufacturing Scheme (ECMS), including from Dixon Display, Lohum Cleantech, ASM Technologies, and Wangda Technologies, entailing an investment of \u20b97,104 crore and the potential to produce \u20b984,515 crore worth of goods. These approved projects can generate employment for 14,246 persons, according to the Centre. This marks the first time that surface-mount device (SMD) passives will be manufactured in India, including Tantalum polymer capacitors, and also marks the first-ever rare-earth magnet manufacturing from rare-earth oxides in the nation. This comes at a time when geopolitical crises have strained supplies […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1000264","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1000264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1000264"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1000264\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1000264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1000264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1000264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}