According to the union minister for Electronics and IT, the centre has received investment proposals worth Rs 1.15 trillion under the Electronic Components Manufacturing Scheme (ECMS), against an envisaged target of nearly Rs 590 billion. He added that proposals have exceeded employment and production targets multiple times over the scheme’s goals, reflecting global confidence in India’s electronics manufacturing, policy stability, and competitive advantages.
Applicants have proposed creating nearly 1,41,000 jobs versus the 91,600 targeted under the scheme, which the minister termed “very significant”. Sixteen companies have cumulatively proposed the highest Rs 358.13 billion under “enclosures for mobile, IT hardware products and related devices”; 11 companies have committed Rs 165.42 billion under “HDI/MSAP/flexible PCB”; and 87 firms have proposed Rs 143.62 billion for electro mechanicals, among others. The highest-ever investment proposed by a single company is nearly Rs 220 billion, with fresh commitments also covering SMD passives, flexible PCB, anode, and capital equipment.
Further, the Ministry of Electronics and IT (MeitY) has begun scrutinising applications and will fast-track approvals.
