The government has received investment proposals amounting to Rs 16,000 crore under the electronics component manufacturing scheme (ECMS), according to official sources.

The scheme, launched on May 1 with an outlay of Rs 22,805 crore, is designed to strengthen domestic production of critical electronic components and reduce dependency on imports. Approval for these proposals is currently underway, with shortlisted projects expected to be announced in September.

Key players such as Tata Electronics, Dixon Technologies, and Foxconn are reported to have expressed interest. Dixon Technologies recently signed agreements with Chinese firms Chongqing Yuhai Precision Manufacturing and Kunshan Q Technology’s Indian arm for component manufacturing.

A substantial Rs 21,093 crore of the scheme is allocated for sub-assemblies like camera modules, multi-layered and flexible PCBs, and passive components. Another Rs 1,712 crore is reserved for parts used in sub-assemblies and capital goods.