New Delhi: India’s first Electronics Component Manufacturing Scheme (ECMS) has attracted record investment proposals worth Rs 1.15 trillion, more than double its initial target of Rs 59,000 crore, signalling a major boost to the country’s electronics manufacturing ecosystem. According to the Electronic Industries Association of India (Elcina), the surge in participation could increase local value addition in finished goods production from the current 15-20 per cent to as much as 40 per cent over the next five years.
Elcina Secretary General Rajoo Goel described the scheme as a “game changer” that will transform India’s electronics manufacturing landscape. A total of 249 companies have submitted applications under the ECMS, which will be evaluated by a dedicated screening committee. The Union Minister for Electronics and IT, Ashwini Vaishnaw, announced on 2 October that against a production target of Rs 4,56,500 crore, proposals worth over Rs 10,34,000 crore have been received.
The highest investment, Rs 35,813 crore, has been proposed for enclosures used in mobile phones, IT hardware, and related devices, a segment led by Tata Electronics, which manufactures components for iPhones. Other major segments drawing strong interest include flexible printed circuit boards (Rs 16,542 crore), electro-mechanical components (Rs 14,362 crore), multi-layer PCBs (Rs 14,150 crore), display and camera module sub-assemblies, lithium-ion cells, and various sub-assemblies and bare components.
Elcina noted that over 100 companies have proposed investments exceeding Rs 65,000 crore in electro-mechanical components, enclosures, and printed circuit boards alone, with participation from several global firms. Smaller but significant proposals have also come in for capital goods (Rs 2,103 crore), optical transceivers (Rs 1,645 crore), and passive components.
Elcina President Sasi Gandhanam said the unprecedented response to ECMS underscores growing confidence in India as a manufacturing hub and urged state governments to improve ease of doing business and provide supportive incentives.
Echoing this sentiment, Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), said the ECMS will help establish a robust sub-assembly and component ecosystem across all electronics verticals, significantly strengthening India’s global competitiveness.
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