22 electronics projects get govt nod

Five companies from Apple's vendor ecosystem are among 22 electronics manufacturing proposals approved by the government under its component manufacturing scheme, with investments expected to reach ₹41,863 crore, an official aware of the matter said on Friday.

- Sejal Sharma

Electronics and information technology minister Ashwini Vaishnaw, on the sidelines of detailing the third tranche of approvals, also signalled a push towards electronics and mechanical design capabilities in India, asking the industry to submit a plan within six weeks. The government can bear capital investments while industry covers operating costs, he offered.

The approvals under the Electronics Component Manufacturing Scheme (ECMS) include Foxconn-linked Yuzhan Technology, Tata Electronics, Motherson Electronic Components, ATL Battery Technology India, and Hindalco Industries—all part of Apple’s ecosystem—some of which will play a crucial role in exports to the tech giant's international locations, news agency PTI quoted people aware of the matter as saying.