MeitY approves 29 more ECMS proposals worth ₹7,104 crore, incl. India's first rare earth magnet plant
On 30 March 2026 MeitY approved 29 more proposals under the Electronics Component Manufacturing Scheme with projected investment of ₹7,104 crore and 14,246 direct jobs.
Summary
The Ministry of Electronics and IT approved 29 more proposals under the Electronics Component Manufacturing Scheme (ECMS) on 30 March 2026, with projected investment of ₹7,104 crore, projected production of ₹84,515 crore and 14,246 direct jobs. This follows 46 approvals worth ₹54,567 crore announced earlier. The approvals cover 16 products and include India's first SMD passive plant for tantalum capacitors, first flexible PCB plant and first rare earth permanent magnet facility.
Key facts
- New approvals
- 29 proposals under ECMS
- Investment / production
- ₹7,104 crore / ₹84,515 crore
- Direct jobs
- 14,246
- Earlier approvals
- 46 applications, ₹54,567 crore
- Firsts
- First SMD passive (tantalum capacitor) plant, first flexible PCB plant, first rare earth permanent magnet facility
- Minister
- Ashwini Vaishnaw
Practice MCQs 3 questions
On 30 March 2026, how many more proposals were approved under the Electronics Component Manufacturing Scheme (ECMS)?
Show answer
Correct answer: B — 29
MeitY approved 29 more proposals under ECMS, after 46 applications approved earlier.
The ECMS approvals of 30 March 2026 include India's first facility for which of the following?
Show answer
Correct answer: C — Rare earth permanent magnets
The approvals include India's first SMD passive plant for tantalum capacitors, first flexible PCB plant and first rare earth permanent magnet facility.
The 29 ECMS proposals approved on 30 March 2026 are expected to generate how many direct jobs?
Show answer
Correct answer: B — 14,246
The approvals are expected to generate 14,246 direct jobs, with projected investment of ₹7,104 crore and production of ₹84,515 crore.