Centre clears 22 more projects worth Rs 41,863 crore under ECMS
The government cleared 22 more applications with investment proposals worth Rs 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 Rs 54,567 crore.
The companies that have received approvals in this round include TDK India, BPL, Wipro Hydraulics, Motherson ElectronicC omponents, Tata Electronics, Foxconn arm Yuzhan Technology, Samsung Display, Dixon, and Hindalco, among others.
Companies which received the go-ahead 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.
After distributing approval letters, Union Electronics and Information Technology Minister Ashwini Vaishnaw reiterated his stance that all firms should set up in-house design teams, no matter the cost or effort involved.
“Even if you have a couple of employees in the design team, the team should be there. If there are big teams, that is most welcome,” Vaishnaw said.
The Union minister also suggested that all the firms that have received approvals so far should come together with industry bodies to develop standardised design facilities at educational institutes, so that other companies can benefit from them.