India, Jan. 8 -- The Government of India has approved 22 new investment proposals under the third tranche of the Electronics Component Manufacturing Scheme (ECMS). These projects involve a projected investment of Rs 41,863 crore and are expected to generate a total production value of Rs 2.58 lakh crore over the next few years.

Union Minister for Electronics and IT, Ashwini Vaishnaw, announced the approvals emphasising a shift from simple assembly to deep manufacturing. The projects are spread across eight states: Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan.

The latest approvals cover 11 specific product segments that are essential for mobile phones, telecom equipment, automo...