Wipro, Rockwell, Lohum arms among 12 cos to enter electronics component manufacturing scheme
New Delhi, Nov. 6 -- 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-cror...
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