Science TechnologyThursday, 2 April 2026·The Hindu
MeitY clears 29 ECMS projects worth ₹7,104 crore; India’s first rare-earth magnet plant included
The fourth tranche of ECMS approvals covers 29 projects with ₹7,104 crore investment, 14,246 jobs and India’s first rare-earth permanent magnet facility.
Key highlights
Direct fact
In April 2026, the Ministry of Electronics and Information Technology approved 29 ECMS projects worth ₹7,104 crore, including India’s first manufacturing facility for rare earth permanent magnets.
Key specifics
- The 29 projects are expected to create 14,246 jobs.
- Projected production output from the approvals is ₹84,515 crore.
- The overall ECMS investment target is ₹59,350 crore.
- Total approvals under ECMS have reached ₹61,671 crore.
- One rare-earth magnet project has an investment of ₹700 crore.
Exam lens
Economy and science-tech MCQ focus, ECMS, MeitY, ₹7,104 crore, 14,246 jobs, rare earth permanent magnets; TNPSC may ask the ministry, total approvals, and the first-of-its-kind manufacturing facility.