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Tata, Motherson & Foxconn arm lead ₹41,863 cr ECMS approvals

Financial Express Bengaluru

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January 03, 2026

MOBILE PHONE ENCLOSURES emerged as the biggest focus area as the government on Friday cleared 22 projects under the Electronics Components Manufacturing Scheme (ECMS) worth 41,863 crore with homegrown Tata Electronics and the Motherson Group, along with Foxconn’s India arm Yuzhan Technology, leading the list of beneficiaries.

- OJASVI GUPTA

The approvals and projected production worth ₹2.58 lakh crore, are expected to generate nearly 33,791 direct jobs. Enclosures alone accounted for over ₹27,000 crore of the total investment, highlighting government’s push to localise high-value, scale-intensive components in the smartphone supply chain.

Financial Express Bengaluru से और कहानियाँ

Financial Express Bengaluru

MF industry’s Dec outflow at ₹66,591 cr

THE INDIAN MUTUAL fund industry saw outflows of ₹66,591 crore in December due to withdrawals of ₹1.32 lakh crore from debt schemes and a 6.2% decline in inflows into equity schemes.

time to read

2 mins

January 10, 2026

Financial Express Bengaluru

The D2C wave

SCALE, TRUST, DISTRIBUTION PAIRED WITH DIGITALAGILITY UNLOCK A MORE COMPETITIVE AND CREATIVE INDUSTRY

time to read

4 mins

January 10, 2026

Financial Express Bengaluru

ICC signs Marriott as global sponsor

Marriott International is the official accommodation partner for men's events through 2029

time to read

1 min

January 10, 2026

Financial Express Bengaluru

Lenovo to export AI servers from India

AIMING FOR GLOBAL MARKET

time to read

2 mins

January 10, 2026

Financial Express Bengaluru

Doors open for fundraising via banks

SENIOR EXECUTIVES AT large public sector banks (PSBs) said on Friday that the government's AGR moratorium for Vodafone Idea has provided lenders some comfort on incremental exposure, though formal discussions with the telco are yet to begin.

time to read

1 min

January 10, 2026

Financial Express Bengaluru

Fx reserves drop $9.8 bn, biggest dip in 14 months

FOREIGN EXCHANGE RESERVES recorded their biggest weekly drop in 14 months as the Reserve Bank of India (RBI) sold dollars to support a weakening rupee, analysts said.

time to read

1 min

January 10, 2026

Financial Express Bengaluru

Rio Tinto, Glencore in talks to form world's biggest miner

RIO TINTO IS in early talks to buy Glencore, the companies said, in what could create the world's largest mining company with a combined market value of nearly $207 billion.

time to read

1 min

January 10, 2026

Financial Express Bengaluru

India, EU renew pledge to finalise FTA at the earliest

GOYAL MEETS EU TRADE COMMISSIONER IN BRUSSELS

time to read

2 mins

January 10, 2026

Financial Express Bengaluru

RIL may offload 2.5% in Jio, net ₹40K cr

RIL may offload 2.5% in Jio, net ₹40K cr

time to read

1 min

January 10, 2026

Financial Express Bengaluru

US exit from solar alliance to have little impact: Industry

THE US PULLING out of the International Solar Alliance (ISA) is expected to have minimal impact on Indian renewable energy companies due to their growing manufacturing prowess in solar equipment, industry executives and consultants said.

time to read

1 mins

January 10, 2026

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