New Delhi: The Electronics Components Manufacturing Scheme (ECMS), launched earlier this year with a fiscal outlay of Rs 22,919 crore, has witnessed an unprecedented response from both domestic and international industry players, signalling a new chapter in India’s journey toward self-reliance in electronics manufacturing.
According to the Ministry of Electronics and Information Technology (MeitY), the scheme has attracted 249 applications with anticipated investment commitments worth Rs 1,15,351 crore–nearly double the targeted Rs 59,350 crore. Over the next six years, ECMS is projected to generate electronics components worth about Rs 10,34,700 crore, more than twice the original production target of Rs 4,56,000 crore. Importantly, the scheme is expected to create 1,42,000 direct jobs, significantly surpassing the initial target of 91,600, along with a large number of indirect employment opportunities across the value chain.
Union Minister for Electronics and IT, Ashwini Vaishnaw, addressing a press conference at Electronics Niketan in New Delhi, welcomed the overwhelming industry response. He urged states to create favourable frameworks to leverage this opportunity, highlighting the scheme’s role in driving large-scale job creation for India’s youth.
He further emphasised that ECMS builds upon the strong foundation laid by earlier government initiatives such as the Electronics Manufacturing Clusters (EMC) scheme, the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and the Production Linked Incentive (PLI) schemes for mobile phones and IT hardware. Together, these policies are propelling India closer to Prime Minister Narendra Modi’s vision of establishing a $500 billion domestic electronics manufacturing ecosystem by 2030-31.
S. Krishnan, Secretary, MeitY, noted that the scheme is designed to deepen India’s electronics value chain by significantly boosting domestic value addition before further integration with global supply chains. He underscored that the unprecedented quantum of applications reflects the strong confidence of both Indian and global players in the country’s policy stability and competitive advantages. The Ministry has already begun the approval process for eligible applicants.
The India Cellular and Electronics Association (ICEA) hailed the scheme’s success as a defining milestone in India’s pursuit of Aatmanirbharta in electronics. Congratulating MeitY, ICEA Chairman Pankaj Mohindroo said:
“The manufacturing of sub-assemblies and components will now be firmly established in the country, substantially increasing India’s manufacturing prowess and global competitiveness. ECMS is secular and horizontal across all verticals of electronics, helping build core competency and capacity.”
ICEA revealed that the sector’s cumulative growth has already been impressive, expanding at a CAGR of 15 per cent over the last decade to reach $133 billion in 2024-25, with mobile phones contributing USD 64 billion. India is now the world’s second-largest mobile phone manufacturer and industry leaders believe ECMS will further accelerate India’s transformation into a comprehensive global electronics hub.
Mohindroo also highlighted ICEA’s role in shaping the scheme, noting its extensive consultations with MeitY and outreach to companies across Taiwan, Japan, South Korea and the US. He added that India’s ability to achieve scale in manufacturing would be central to raising domestic value addition and ensuring Indian champions take centre stage on the global platform.
With investment commitments far exceeding expectations, ECMS is not only reinforcing India’s position in global value chains but also aligning seamlessly with the nation’s long-term ambition of a $500 billion electronics manufacturing ecosystem, including $180–200 billion in exports by 2030-31.
