New Delhi, Aug. 17 -- The Union IT ministry announced its first tranche of approvals for electronics component facilities in India, with 31 projects investing Rs.7,877 crore to manufacture mobile enclosures, copper coils, and rare-earth magnets, and to assemble speakers, microphones, and car displays.

The approvals are part of a Rs.40,000-crore Electronics Components Manufacturing Scheme (ECMS) that the ministry of electronics and IT (Meity) notified in April last year. The scheme is designed to increase the net share of high-margin domestic income generated by Indian companies in India's domestic electronics industry, which produced goods worth over Rs.13 trillion in FY26, as per Meity.

Leading the pack on Monday was Wipro Electronic M...