Govt clears 12 ECMS projects, launches application portal for ISM 2.0
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The government on Friday approved 12 new projects under the Electronics Component Manufacturing Scheme, taking the total to 118.
- ✓These units will create 7,127 jobs across several states.
- ✓Minister Ashwini Vaishnaw also launched an application portal for the India Semiconductor Mission 2.0 to help serious players build a self-reliant electronics chain.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The government has approved 12 new projects under the Electronics Component Manufacturing Scheme, taking the total to 118, and launched the application portal for the second phase of the India Semiconductor Mission. | Image: ANI
The government on Friday approved 12 new applications under the ₹40,000 crore Electronics Component Manufacturing Scheme (ECMS), taking the total number of proposed electronics component manufacturing units in the country to 118.
The new applications, approved by the Ministry of Electronics and Information Technology on Friday, entail production worth ₹39,045 crore and are expected to add 7,127 direct jobs in the sector.
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