Powering Local Tech: MeitY Approves ₹7,503 Cr Electronics Push

The Ministry of Electronics and Information Technology (MeitY) has officially sanctioned 12 high-impact capital projects under the Electronics Component Manufacturing Scheme (ECMS), representing a cumulative investment of ₹7,503 crore over five years. Aimed at strengthening India's domestic electronics supply chain, anchor commitments include Indo Asia Copper’s ₹3,546 crore facility in Gujarat, Vidyuta Materials’ ₹399 crore plant in Uttar Pradesh, and ₹211 crore in joint investments from Wipro Pari and Rockwell Automation India. Incentive payouts under the scheme are linked to the commencement of commercial operations.

News by Rahul Yelligetti.