India’s Electronics Components Manufacturing Scheme (ECMS) has received an overwhelming industry response, with investment proposals totalling Rs 1.15 lakh crore, nearly double the target of Rs 59,350 crore, according to Union Minister for Electronics and IT Ashwini Vaishnaw. 

Announced with an outlay of Rs 22,805 crore, the scheme aims to boost the electronics component ecosystem by enhancing production, investment, and job creation. The government expects proposed production to reach Rs 10.34 lakh crore, surpassing the original target of Rs 4.6 lakh crore. Employment proposals stand at over 1.41 lakh jobs, exceeding the goal of 91,600. 

Mobile and IT hardware sectors attracted the highest investments, while electromechanical components had the most applications. Notably, over 60 percent of applicants are MSMEs. The government is fast-tracking application scrutiny on a first-come, first-served basis and calls on state governments to support ease of doing business. Industry leaders see ECMS as a key driver for India’s rise as a global electronics manufacturing hub.