New Delhi, March 30 -- The Ministry of Electronics and Information Technology (MeitY) has approved 29 applications under the fourth tranche of the Electronics Component Manufacturing Scheme (ECMS), involving a total investment of Rs 7,104 crore, the ministry said on Monday.

The approved projects are expected to generate 14,246 jobs and lead to an estimated production output of Rs 84,515 crore, according to an official statement.

The ministry said the latest approvals include India's first manufacturing facility for rare earth permanent magnets from rare-earth oxides, marking an important step towards strengthening domestic capabilities in critical electronic components.

Among the approved proposals, six applications in the capital good...