With aim of reducing country’s import dependency for critical electronic components and boost high-value manufacturing capabilities, the government has sanctioned the fourth tranche of 29 proposals under the Electronics Components Manufacturing (ECM) Scheme. With a projected investment of Rs 7,104 crore, the 29 approvals are expected to generate direct employment opportunities for 14,246 people. Further, the latest tranche includes approval for the Rare Earth Permanent Magnet facility, entailing Rs 700 crore investment. This is the first project related to the manufacturing of Rare Earth Permanent Magnets from rare earth oxide and marks a significant step towards the development of indigenous capabilities in advanced materials.
Moreover, the approved projects include the manufacturing of 16 products, which have cross-sectoral applications, such as mobile manufacturing, telecom, consumer electronics, strategic electronics, automotive and IT hardware products. The proposal includes one project in the category of Display Modules, 11 in Antennas, Capacitors, Connectors, Heat Sinks, Li-ion Cells, Relays, Resistors, Transducers, SMD Passives, Flexible PCB and Inductors; and three supply chain items (Laminates, Metallised films for Capacitors and Rare Earth Permanent Magnets, Capital Goods and their parts).
With these approvals, overall, 75 applications have been cleared under the Electronics Components Manufacturing Scheme, amounting to an expected investment of Rs 61,671 crore and direct employment for 65,040 persons. Meanwhile, IT Minister Ashwini Vaishnaw emphasized that electronics component industry must build design capabilities, achieve Six Sigma quality standards, and enhance workforce skilling. He cautioned that beneficiaries who do not invest in product design could be weeded out.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: