New Delhi, Jan. 2 -- The Ministry of Electronics and Information Technology (MeitY) on Friday announced the approval of 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), with a projected investment of Rs 41,863 crore and expected production of Rs 2,58,152 crore.

Major Players and Employment Impact

The approved proposals include projects by prominent companies such as Dixon, Samsung Display Noida Pvt Ltd, Foxconn (Yuzhan Technology India Pvt Ltd), and Hindalco Industries.

The new approvals are expected to generate 33,791 direct employment opportunities.

These approvals follow an earlier tranche of 24 projects with an investment of Rs 12,704 crore, demonstrating a continued push to expand India's electronics...