India's Electronics Boom: ₹8,000 Crore Investment Rolls In!

The Central Government has received investment proposals totaling between ₹7,500 crore and ₹8,000 crore under the Electronics Components Manufacturing Scheme (ECMS), according to a report by Business Standard. Spearheaded by the Ministry of Electronics and Information Technology (MeitY), the scheme is designed to boost domestic manufacturing of critical electronic components and strengthen India's electronics assembly ecosystem.

So far, approximately 100 applications have been submitted by both Indian and international companies looking to establish manufacturing facilities across various parts of the country. A senior government official confirmed that application evaluations are currently underway, with approvals expected to be issued in phases starting late August or early September. Additionally, a project management agency is in the process of being finalized to support the scheme’s implementation.

With a total outlay of ₹22,911 crore, the ECMS will run for six years. The application window, which opened on May 1, remains active. Applicants are required to specify the number of jobs their proposed projects will generate within India.

The scheme focuses on the production of essential electronic components such as printed circuit boards (PCBs), non-surface mount device (non-SMD) parts, lithium-ion cells, and other key inputs. It aligns with India’s broader goal of reducing dependency on imports and positioning the country as a global hub for electronics manufacturing.

News by Rahul Yellligetti.