MeitY clears 29 ECMS proposals worth Rs 7,104 crore

The government approved Rs 7,104 crore under the Electronic Component Manufacturing Scheme, selecting 29 firms, including Foxconn, TDK subsidiaries, Dixon, Syrma SGS, and NeST Group. These projects aim to generate Rs 84,515 crore in production and 14,246 jobs, covering components from rare-earth magnets to flexible PCBs.