India Approves 29 Electronics Projects to Boost Domestic Manufacturing

The Government of India approved 29 new investment proposals under the Electronics Component Manufacturing Scheme (ECMS) on March 30, 2026. The latest tranche represents a cumulative investment of Rs 7,104 crore and is expected to generate 14,246 direct jobs and electronic components valued at Rs 84,515 crore. These projects span 16 categories, including automotive, telecom, and IT hardware, with notable approvals for Dixon Display Technologies and Lohum Cleantech, the latter establishing India's first facility for rare-earth permanent magnets.

This round brings the total number of approved applications under the ECMS to 75, with a cumulative investment of Rs 61,671 crore. To support these goals, the government increased the ECMS outlay to Rs 40,000 crore, aiming to build a $500 billion domestic electronics manufacturing ecosystem by 2031. Union Minister Ashwini Vaishnaw announced that India became a net exporter in the electronics segment in 2025 and noted that Micron Technology's new memory semiconductor facility, which began commercial production in February, will handle approximately 10% of the company's global manufacturing.

Minister Vaishnaw mandated that the industry submit a Six Sigma quality program plan within 15 days to improve global integration. He emphasized that domestic firms must invest in design capabilities to capture higher value, warning that the government may change scheme parameters to ensure companies prioritize long-term national growth over short-term corporate gains.