#1- India has cleared 17 electronics component manufacturing projects worth INR 71.7 bn (USD 865 mn) under the government’s electronics component manufacturing scheme (ECMS), according to a press release. The approved units — spread across key western, northern, and southern manufacturing hubs — are expected to produce INR 651 bn (USD 7.8 bn) worth of electronic goods and create nearly 11.8k direct jobs.

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Who won? Key beneficiaries include Jabil Circuit India, Aequs Consumer Products, Uno Minda, Syrma Mobility, Rakon India, Meena Electrotech, Chain Services, Zetchem Supply and ASUX Safety Components.The projects aim to add manufacturing capacity for components such as camera modules, precision enclosures, SFP optical transceivers, oscillators, and multi-layer PCBs.

Electronics push: Electronics and IT Minister Ashwini Vaishnaw said the scheme is designed to deepen India’s electronics value chain, strengthen component manufacturing, and support the country’s target of reaching around INR 41 tn (USD 500 bn) in electronics production by 2031. He added that the next phase of the programme will focus on improving design capabilities, developing supply-chain resilience, and introducing a new skilling framework for advanced manufacturing.

RETAIL-

#2- Ikea to open new Bengaluru store: Sweden-based home-furnishings multinational Ikea has leased 120k sq ft of retail space at Purva Zentech Park in the southern Indian city of Bengaluru to launch a new retail store, Hindu Businessline reports. The space is expected to be handed over in 1Q 2026.

TRADE-

#3- India has launched a probe into suspected transshipment of Chinese steel through Nepal after preliminary checks showed consignments entering India under forged manufacturer credentials and in volumes Nepal cannot produce, Business Standard reports. Officials have ordered a full investigation.

INFRASTRUCTURE-

#5- KEC International has landed new contracts for infrastructure projects in MENA and the Americas, Businessworld reports. The new orders include 400 kV transmission line projects in the UAE as well as additional supply orders for towers, poles, and hardware across undisclosed locations in the Middle East. KEC is the engineering, procurement, and construction arm of Mumbai-based RPG Group.

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