Centre okays 22 proposals worth ₹42K cr under ECMS

TDK India, BPL, Foxconn arm among firms to get approval

- : AASHISH ARYAN New Delhi, 2 January

The government cleared 22 more applications with investment proposals worth ₹41,863 crore under the Electronics Component Manufacturing Scheme (ECMS) on Friday. With these approvals, the total number of companies that have received the government's nod under the ECMS has now reached 46, with a cumulative investment of ₹54,567 crore.

The companies that have received approvals in this round include TDK India, BPL, Wipro Hydraulics, Motherson Electronic Components, Tata Electronics, Foxconn arm Yuzhan Technology, Samsung Display, Dixon, and Hindalco, among others.

Companies which received the goahead on Friday will make components such as capacitors, Lithium-ion cells for electronic devices, copper-clad laminates, enclosures, anode material, connectors, display, and camera module sub-assembly.