India's new electronics scheme pulls in ₹1.15 lakh crore
India's new Electronics Component Manufacturing Scheme (ECMS), rolled out in early 2025, just pulled in ₹1.15 lakh crore in investment proposals—almost double what the government hoped for.
Union Minister Ashwini Vaishnaw shared the news this week, calling it a big vote of confidence from global tech manufacturers.
ECMS is set to drive over ₹10 lakh crore worth
The numbers are pretty wild: ECMS is now set to drive over ₹10 lakh crore worth of electronics production, more than twice its original target.
Plus, it could create nearly 1.42 lakh jobs—way up from the earlier estimate of about 91,000.
Even the incentives offered have nearly doubled.
The bigger goal? A $500 billion homegrown electronics market by 2031
This scheme isn't just about numbers—it's targeting key components like flexible PCBs and advanced equipment to help India build its own strong electronics ecosystem.
The bigger goal? A $500 billion homegrown electronics market by 2031, making India more self-reliant and globally competitive in tech.