MINDA CORP GETS GOVT APPROVAL TO MANUFACTURE DISPLAY MODULES UNDER ECMS

MINDA CORP GETS GOVT APPROVAL TO MANUFACTURE DISPLAY MODULES UNDER ECMS

Minda Instruments, a wholly-owned subsidiary of Minda Corporation, has received government approval to manufacture Display Modules under the Electronics Components Manufacturing Scheme (ECMS). The company plans to set up a ₹7,877 crore greenfield facility for TFT display module assembly. Minda is one of only two companies nationwide approved for this component. The facility will support backward integration and reduce dependence on imported automotive display modules. The plant will cater to Minda’s existing customers as well as external automotive electronics customers. The project is expected to generate 9,588 direct jobs. Impact: Positive — the approval supports major capacity expansion, import substitution and strengthens Minda Corporation’s position in automotive electronics.