Govt clears 12 electronics manufacturing proposals
New Delhi, Nov. 7 -- Robotics arms of Azim Premji's Wipro Enterprises and US firm Rockwell Automation have received the government's approval to manufacture and localize components and raw materials for electronics in India. The ministry of electronics and IT (Meity) on Friday approved 12 new projects under the electronics component manufacturing scheme (ECMS) to locally make battery components, raw materials for printed circuit boards, and equipment to manufacture products in factories. The projects committed a total of Rs.7,503 crore in investments spread over up to five years, and will largely become eligible for incentives as they start production. Companies approved under the new tranche include Indo Asia Copper Ltd's Rs.3,546-crore copper foil manufacturing plant in Gujarat, which will supply raw material for lithium-ion battery cell manufacturing, as well as manufacturing of printed circuit boards. The Advanced Carbons Company (TACC) Ltd was also approved to set up a Rs.2,438-crore facility to manufacture anode material for battery cells in Madhya Pradesh.
Energy recycling startup Lohum's subsidiary Vidyuta Materials has also secured eligibility of incentives for a battery materials manufacturing plant in Uttar Pradesh, at an investment of Rs.399 crore.
Others include Wipro Precision Automation and Robotics India (Pari)-a wholly owned subsidiary of Wipro Enterprises, and Rockwell Automation India-the local subsidiary of the US robotics group, which was cleared for incentives to localize the assembly and manufacturing of electronics manufacturing machines, at a combined investment of Rs.211 crore.
Friday's approvals marked the sixth tranche under Meity's flagship Rs.40,000-crore ECMS initiative, which seeks to bring and establish a domestic electronics component supply chain....
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