๐ญ Big electronics investment boost in India ๐ฎ๐ณ
Thirty-one projects have secured approvals under the Electronics Components Manufacturing Scheme, investing โน7,877 crore in components like mobile enclosures and copper coils. Wipro Electronic Materials, Jyoti CNC, and Bhagwati Products Ltd are among the key players involved in this initiative. These approvals are part of the larger โน40,000-crore ECMS, aimed at boosting domestic high-margin income in India's electronics sector. The government is pushing for deeper localization across the entire electronics supply chain moving forward. This progress has already created over 74,628 direct jobs across the approved projects.