Context:
The Ministry of Electronics and Information Technology has approved 22 additional projects under the Electronics Components Manufacturing Scheme (ECMS), involving a fresh investment of ₹41,863 crore. This marks a major push to deepen India’s electronics manufacturing ecosystem beyond final assembly.
About the Electronics Components Manufacturing Scheme (ECMS)
What it is
- Electronics Components Manufacturing Scheme is a flagship incentive programme aimed at boosting domestic manufacturing of electronic components, sub-assemblies, and capital equipment.
- Seeks to reduce India’s heavy import dependence in electronics and strengthen supply-chain resilience.
Nodal Ministry
- Implemented by the Ministry of Electronics and Information Technology (MeitY).
Launch & Outlay
- Approved by the Union Cabinet in 2024.
- Total financial outlay: ₹22,919 crore.
Tenure
- Turnover-linked incentives: 6 years (including a 1-year gestation period).
- Capex-based incentives: 5 years.
