The Ministry of Electronics and Information Technology (MeitY) has approved 31 new manufacturing proposals worth ₹7,877 crore under the fifth tranche of the Electronics Component Manufacturing Scheme (ECMS).
This approval brings the cumulative total of approved applications to 106 projects across 15 states.
The total committed investments under ECMS have reached ₹69,548 crore (as of August 2026), exceeding the original target of ₹59,350 crore.
The central government has approved the development of two new Electronics Manufacturing Clusters (EMCs) in Tamil Nadu under the 'EMC 2.0' scheme to expand the Electronics System Design and Manufacturing (ESDM) ecosystem.
The projects, managed by the State Industries Promotion Corporation of Tamilnadu Ltd (SIPCOT), involve a combined investment of ₹1,012.02 crore. This includes the Manallur EMC in Tiruvallur district (474.3 acres) costing ₹587.47 crore, and the Pillapaikkam EMC in Kancheepuram district (379.3 acres) costing ₹424.55 crore.
According to the trade data released by the Ministry of Commerce and Industry (MoC&I) for the first quarter (Q1) of FY27, India's total exports were valued at $232.73 billion, while total imports were estimated at $270.15 billion.
The Union Cabinet, chaired by PM Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore. The scheme will be implemented over 5 years, from FY27 to FY31.
The MPMS aims to scale up production, deepen domestic value addition, strengthen supply chain resilience, and enhance global competitiveness in the mobile phone manufacturing sector. The scheme offers incentive support on eligible sales for manufacturing mobile phones in India at rates ranging from 2.25% to 5%.
Additional incentives include up to 1.5% for domestic sourcing of key components or sub-assemblies, and an extra 3% for product design and Research and Development (R&D) to build Indian brands. Cumulative mobile phone production in India is expected to reach Rs 39 lakh crore during the scheme's tenure, alongside a projected increase in exports.
The Department for Promotion of Industry and Internal Trade (DPIIT) has introduced an updated Standard Operating Procedure (SOP) to expedite the clearance of Foreign Direct Investment (FDI) proposals. The new SOP identifies 40 sub-sectors, where FDI proposals from countries sharing land borders with India will be processed within 60 days.
The expedited timeline applies to investments from China, Pakistan, Bangladesh, Nepal, Bhutan, Myanmar, and Afghanistan. These 40 sub-sectors are grouped into 6 primary segments: capital goods manufacturing, electronic capital goods and components, advanced battery components, polysilicon and wafers, rare earth processing, and rare earth permanent magnets.
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