TN gets 7 more projects under ECMS scheme

Tamil Nadu has got 7 projects out of the further 31 proposals with projected investment of Rs 7,877 crore approved by the Ministry of Electronics and Information Technology (MeitY) under the Electronics Components Manufacturing Scheme (ECMS)

Listen to this article

The approved projects are spread across 10 States viz. Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh and Uttarakhand.

From the approved projects, projected production of Rs 82,243 crore and are expected to generate 9,588 direct employment opportunities.

The projects cleared account for 23 per cent of applications, around 20 per cent of employment and 11 per cent of investment announced in the fifth tranche, Guidance Tamil Nadu said.

Tamil Nadu’s strength is also reflected in the progress of projects approved under earlier ECMS tranches.

Tata Electronics is already operational, while Kaynes Technology India Limited, Motherson Group, Yuzhan and other projects are progressing towards operations, demonstrating the State’s ability to translate approvals into manufacturing capacity on the ground, Guidance said.

Tamil Nadu is also working towards building a more comprehensive electronics components ecosystem, bringing companies across component sub-sectors into the State’s supply chain and enabling greater localization, it said.

Overall, 106 applications covering 30 products across 15 States have been approved under ECMS, amounting to expected investment of Rs 69,548 crore, projected production of Rs 5,34,101 crore and expected direct employment for 74,628 persons, an official release said.

These approvals will strengthen domestic supply chains, deepen value addition, reduce import dependence, and build advanced manufacturing capabilities, further advancing India’s emergence as a global electronics manufacturing hub, it said.

Latest

Galaxy Health, Zoho partner for distribution platform

The strategic collaboration with Zoho’s Enterprise Business Solutions (EBS)...

Milky Mist makes strong market debut

The Erode-based company’s Rs 1,553 crore initial public offering...

Money transfer from Qatar gets easier

The Qatar-India remittance service based on PosTransfer powered by...

Reliance, Rolls-Royce to partner for indigenous combat engine

As part of the partnership, Reliance and Rolls-Royce will...

Newsletter

Don't miss

Galaxy Health, Zoho partner for distribution platform

The strategic collaboration with Zoho’s Enterprise Business Solutions (EBS)...

Milky Mist makes strong market debut

The Erode-based company’s Rs 1,553 crore initial public offering...

Money transfer from Qatar gets easier

The Qatar-India remittance service based on PosTransfer powered by...

Reliance, Rolls-Royce to partner for indigenous combat engine

As part of the partnership, Reliance and Rolls-Royce will...

Montra Electric forays into international markets

The company operates under 4 business verticals – e3Wheelers,...

Galaxy Health, Zoho partner for distribution platform

The strategic collaboration with Zoho’s Enterprise Business Solutions (EBS) team will enable the standalone health insurer to move from IRDAI approval to live, large-scale...

Milky Mist makes strong market debut

The Erode-based company’s Rs 1,553 crore initial public offering opened from subscription from 11 August to 13 August with a price band of Rs...

Money transfer from Qatar gets easier

The Qatar-India remittance service based on PosTransfer powered by UPI is now available, enabling customers in Qatar to send funds directly to UPI-enabled bank...