Poging GOUD - Vrij

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

Financial Express Mumbai

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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.

MEER VERHALEN VAN Financial Express Mumbai

Financial Express Mumbai

RIL, ONGC may gain from US move on Venezuelan oil

INDIAN UPSTREAM PLAYERS such as Reliance Industries (RIL) and ONGC could benefit from the US takeover of Venezuela's oil industry, brokerages and rating firms said on Monday.

time to read

2 mins

January 06, 2026

Financial Express Mumbai

Margin funding at new high despite tepid market show

Volumes touch ₹1.17 lakh cr in Dec 2025

time to read

2 mins

January 06, 2026

Financial Express Mumbai

Further tariff hike by US on India may hit exports

ANY MOVE BY the US to further increase tariffs or import duties on Indian goods could severely impact the country's exports to Washington, experts said.

time to read

1 mins

January 06, 2026

Financial Express Mumbai

Experts see conservative tax targets for next fiscal

AS THE UNION Budget for FY27 approaches, tax experts foresee the government adopting a realistic-yet-cautious approach while setting tax collection targets.

time to read

1 mins

January 06, 2026

Financial Express Mumbai

Trump renews tariff threat

CAN RAISE TARIFFS ON INDIA 'VERY QUICKLY', SAYS US PRESIDENT

time to read

3 mins

January 06, 2026

Financial Express Mumbai

'Plan to invest ₹40K cr in clean energy by 2030'

EAAA Alternatives (Edelweiss Alternatives) is looking to invest ₹ 40,000 crore in clean energy by 2030 through its India Energy Transition Fund.

time to read

1 mins

January 06, 2026

Financial Express Mumbai

Early winter chills sale of ACs, fridges ahead of new norms

Demand for heating appliances zooms

time to read

2 mins

January 06, 2026

Financial Express Mumbai

Trump now has his very own oil empire

LET'S DO THE math. Start with the oil production of the US and add Canada. Then include Venezuela and the rest of Latin America.

time to read

3 mins

January 06, 2026

Financial Express Mumbai

Foxconn Q4 revenue jumps 22% on AI demand surge

THE world's largest contract electronics maker, reported record fourth-quarter revenue on Monday, driven by strong demand for artificial intelligence products.

time to read

1 min

January 06, 2026

Financial Express Mumbai

IDBI Bank sale may spill over to next financial year

Non-debt capital receipts may face a shortfall

time to read

2 mins

January 06, 2026

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