MeitY Approves 75 Applications Under ECMS, Dixon, Syrma Among Key Investors

The Ministry of Electronics and Information Technology (MeitY) has approved 75 applications under the Electronics Components Manufacturing Scheme (ECMS), the ministry informed in a press conference on Monday, March 30.

With the target of Rs 59,350 crore under ECMS, the government has already approved projects worth Rs 61,671 crore. Production target under ECMS at Rs 4.56 crore, already achieved Rs 4.51 lakh crore.

ECMS aims to develop a strong manufacturing ecosystem in the country through attracting both global and domestic investments.

Sushil Pal, Joint Secretary, MeitY, announced the names of the companies investing under ECMS. Here's a list of key investors -

- Dixon Display will invest Rs 1,100 crore for the display module sub-assembly

- Syrma  Strategic Electronics will invest Rs 588 crore for laminates and flexible PCBs.

- Munoth Lithium Battery Pvt will make a Rs 500 crore investment  in Andhra Pradesh

- Vishay Components India to invest more than  Rs 300 crore for SMD Passives 
- TDK India Pvt to allocate Rs 67 crore for inductors 
- Vishay Precision to invest Rs 65 crore for transducers

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- Wangda to invest Rs 250 crore for display module sub-assembly lakh crore

- VVDN plans to allocate Rs 100 crore for heat sinks, antenna

- O/E/N India Ltd to invest Rs 216 crore in Kochi for relays

- Molex India Pvt will make an investment of  Rs 70 crore for connectors

- Permanent Magnets Ltd. To invest Rs 62 crore for relays

- BG Electrical and Electronics to invest Rs 195 crore

- Terminal Technologies to invest Rs 175 crore for connectors

- SFO Technologies to invest Rs 76 crore for connectors

- Amphenol FCI to invest Rs 50 crore for connectors

- Ratnaveer Precision Engineering to invest Rs 338 crore for laminates

- Lohum Cleantech to invest Rs 700 crore for rare earth permanent magnets.

- Dhruv Industries to invest Rs 18 crore for metallised films for capacitors

- Titan Engineering and Automation (TEAL) to invest Rs 192 crore for capital goods.

- Nest Advanced Technology Development Centre to invest Rs 102 crore for capital goods

- ASM Technologies to invest Rs 565 crore for capital goods

- Indo-MIM Ltd to invest Rs 592 crore in capital goods

- Bharat FIH to allocate Rs 192 crore on parts of capital goods

- IFB Industries to invest Rs 40 crore for capital goods

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