India attracts proposals worth ₹1.15L crore for electronics manufacturing
What's the story
India's Electronics Component Manufacturing Scheme (ECMS) has received investment proposals worth over ₹1.15 lakh crore, nearly double the government's target of ₹59,350 crore. The surge in interest highlights the growing confidence of global players in India's electronics ecosystem. Union Minister for Electronics and IT Ashwini Vaishnaw announced the development on Thursday, emphasizing PM Narendra Modi's focus on electronics manufacturing as a key factor behind this success.
Scheme benefits
ECMS to generate ₹10.34 lakh crore in production
The ECMS is expected to generate ₹10.34 lakh crore in production, nearly double the target of ₹4.56 lakh crore. The scheme is also likely to create 1.41 lakh jobs, exceeding the target of 91,600 jobs. Further, the incentive outgo under this scheme is expected to reach ₹41,468 crore as against a target of ₹22,805 crore.
Investment growth
Scheme attracts record investment, unprecedented industry participation
The ECMS has attracted investment in advanced areas such as SMD passives, laminates, flexible PCBs, anodes, and capital equipment for the first time. The scheme has also witnessed unprecedented industry participation with one company committing a record investment of nearly ₹22,000 crore. Extensive stakeholder consultations have strengthened industry commitment to building a self-reliant and globally competitive electronics manufacturing base in India.
Future prospects
About the electronics component manufacturing scheme
Launched in April 2025, the ECMS aims to create a strong component manufacturing ecosystem in India. With the latest applications, the Ministry of Electronics and IT said India is well-positioned to move toward its goal of a $500 billion domestic electronics manufacturing industry by 2030-31. The scheme has already attracted ₹12,612 crore in investments for mobile phones under the Production Linked Incentive (PLI).