Centre Receives Rs 8,000 Crore Investment Proposals Under Electronics Components Manufacturing Scheme

New Delhi, Jul 8 (KNN) The Central government has received investment proposals worth Rs 7,500 crore to Rs 8,000 crore under the Electronics Components Manufacturing Scheme (ECMS), aimed at enhancing India’s domestic capacity in electronic components production, according to a Business Standard report.

A senior official from the Ministry of Electronics and Information Technology (MeitY) said nearly 100 applications have been submitted by both Indian and foreign companies planning to set up manufacturing units across the country.

The government is currently evaluating these proposals, with approvals expected to roll out in phases starting late August or early September. A project management agency is also being finalised to support the implementation process.

Launched as part of India’s broader strategy to reduce reliance on imports and become a global electronics manufacturing hub, the ECMS is backed by a financial outlay of Rs 22,911 crore and will be implemented over a six-year period. The application window for the scheme opened on May 1 and remains active.

The scheme requires applicants to clearly state the number of jobs their proposed units will generate in India. It focuses on encouraging the production of key components such as printed circuit boards (PCBs), lithium-ion cells, and non-surface mount device (non-SMD) parts, which are essential to the electronics value chain.

By attracting significant investments and encouraging domestic manufacturing, the ECMS is expected to strengthen India’s electronics ecosystem and boost employment in the sector.

(KNN Bureau)