ECMS: 22 More Electronics Component Projects Approved
Why in the news
India wants to make more electronic components at home and import less; 22 more ECMS projects were cleared.
Key facts
- Approving ministry: MeitY.
- Investment committed: ₹41,863 crore.
- Scheme outlay: ₹22,919 crore.
About the ECMS
- Payouts follow incremental production, with extra rewards for employment generation.
- Beneficiaries: small and medium Indian firms as well as big names such as Tata Electronics Pvt. Ltd.
Exam angle
- Nodal ministry: MeitY.
- Numbers: 22 projects, ₹41,863 crore, ₹22,919 crore.
- Feature: first-to-finish incentives.