Manufacturing Scheme News - Latest Updates & Headlines
Rs 7,280 crore rare earth magnets scheme to place India among 'allied group of nations': Minister H D Kumaraswamy
New Delhi, November 28: Union Minister for Heavy Industries & Steel, H D Kumaraswamy on Friday, through a video release, hails Union Cabinet's approval for the scheme to promote manufacturing of sintered Rare Earth Permanent Magnets (REPM) with a financial outlay of Rs 7, 280 crore emphasizing that the move will place India among the "allied group of nations".
Experts rally behind Cabinet's push for Rare Earth Permanent Magnet production, CEA stresses self-reliance in sector
New Delhi, November 26: With an aim to enhance self-reliance and position India as a key player in the global REPM market, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' with a financial outlay of Rs 7, 280 crore.
Cabinet likely to clear Rs 7000 cr rare earth magnet manufacturing scheme: Sources
New Delhi, November 26: The Union Cabinet is likely to clear on Wednesday, a Rs 7, 000-crore incentive scheme aimed at boosting domestic manufacturing of rare earth magnets, sources told ANI.
Union Cabinet okays Rs 7,280 crore scheme for manufacturing Rare Earth Permanent Magnets
New Delhi, Nov 26: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the scheme to promote the manufacturing of Sintered Rare Earth Permanent Magnets in the country with an investment of Rs 7, 280 crore.
India has the potential to reach $500 billion electronics output by 2030
New Delhi, Nov 20: India’s electronics sector could scale up to $500 billion in production and exports by 2030 as the country’s expanding global footprint is being strengthened by new free trade agreements (FTAs), investor-friendly reforms and a rising shift toward manufacturing-led growth.
Electronics manufacturing growth will generate thousands of new jobs: Minister
New Delhi, Oct 28: Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, on Tuesday said that with electronics component manufacturing taking roots in India, the growth of electronics will generate thousands of new jobs.
India's electronics sector poised for big leap to large-scale production
New Delhi, Oct 27: The approval of the first tranche of seven projects worth over Rs 5,500 crore under the Electronics Components Manufacturing Scheme (ECMS), announced by Union Minister Ashwini Vaishnaw on Monday, signals a strong push to deepen India's electronics value chain. The initiative reflects the government's focus on building a robust domestic base for high-value components to support large-scale manufacturing, according to an official statement.
Haryana taking steps to become electronics manufacturing hub: Chief Secretary
Chandigarh, Oct 24: Haryana is taking steps to establish itself as the leading hub for electronics manufacturing by actively seeking to attract investments under the Electronics Component Manufacturing Scheme (ECMS) of the Union government.
Supply chain of rare earth minerals is well set in electronics manufacturing industry: Minister Vaishnaw
New Delhi, October 3: Union Minister for Electronics and Information Technology (MEITY) Ashwini Vaishnaw stated on Thursday that the supply chain for rare earth minerals in the electronics manufacturing industry is well-established and currently faces no bottlenecks in the domestic market.
India's electronics manufacturing push gets massive boost: MeitY secy
New Delhi, October 3: Ministry of Electronics and Information Technology (MeitY) Secretary S Krishnan said that the overwhelming and massive response to Electronics Components Manufacturing Scheme (ECMS) reflects strong industry confidence in India's policy framework and the government's ability to deliver on large-scale industrial programs.
India's Electronics Scheme drew double the targeted investment, says Ashwini Vaishnaw
New Delhi, October 2: India's Electronics Component Manufacturing Scheme (ECMS) has drawn investment applications worth more than Rs. One lakh crore, nearly double the government's initial target, Union Minister of Electronics and Information Technology Ashwini Vaishnaw said on Thursday. He underlined that the surge in interest reflects the growing trust of global players in India's electronics ecosystem.
India's electronics component scheme attracts over Rs 1 lakh crore: Ashwini Vaishnaw
New Delhi, Oct 2: Union Minister for Electronics and IT Ashwini Vaishnaw on Thursday announced that the government has received investment proposals worth Rs 1.15 lakh crore under the Electronics Component Manufacturing Scheme.
Electronics Component Manufacturing Scheme guidelines to be out in a few days: Ashwini Vaishnaw
Manesar, April 18: Minister for Information Technology Ashwini Vaishnaw said on Friday that guidelines for the Electronics Component Manufacturing Scheme are almost ready and will be released in a few days. Addressing a press conference in Manesar, he said a portal will also be launched soon for applications to be made under the components manufacturing scheme.
Union Cabinet approves Electronics Component Manufacturing Scheme with funding of Rs 22,919 crore
New Delhi, March 28: The Union Cabinet on Friday approved the Electronics Component Manufacturing Scheme with a funding of Rs.22,919 crore to make India "atmanirbhar" in the electronics supply chain.