ENA Sectors 2025-04-28 14:25:30 <p><span style="font-size:14px"><strong>New Delhi, April 28 (KNN)</strong> Union Minister for Electronics and Information Technology Ashwini Vaishnaw unveiled the Electronics Component Manufacturing Scheme (ECMS) on April 26, 2025, launching both guidelines and a dedicated portal to establish a component manufacturing ecosystem in the country. </span></p> <p><span style="font-size:14px">The scheme aims to develop a component ecosystem by attracting large investments (global/domestic) in the electronics component manufacturing ecosystem, increasing Domestic Value Addition (DVA) by developing capacity and capabilities, and integrating Indian companies with Global Value Chains (GVCs).</span></p> <p><span style="font-size:14px">Minister Vaishnaw characterised ECMS as a horizontal scheme, emphasising that its benefits would extend beyond the electronics sector to include industrial, power, and automobile manufacturing.</span></p> <p><span style="font-size:14px">During the launch event, Minister Vaishnaw highlighted that electronics exports have achieved a compound annual growth rate (CAGR) exceeding 20 percent, with production growing at over 17 percent. </span></p> <p><span style="font-size:14px">Speaking on quality standards, Vaishnaw called for the implementation of Six Sigma standards across the sector and cautioned that companies failing to maintain high-quality benchmarks would be cut short. </span></p> <p><span style="font-size:14px">Addressing India's progress in emerging technologies, the Minister reported that 350 datasets have already been uploaded to AI Kosh, an initiative designed to advance artificial intelligence research and innovation. </span></p> <p><span style="font-size:14px">He also announced the upcoming release of four AI tools developed by various Indian Institutes of Technology (IITs) to further strengthen the digital ecosystem. </span></p> <p><span style="font-size:14px">Additionally, Vaishnaw mentioned that techno-legal solutions are being developed to address various challenges within the electronics ecosystem.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41887 https://knnindia.co.in/news/newsdetails/sectors/new-ecms-scheme-targets-higher-investments-domestic-value-addition-in-electronics-sector 2025-04-28 14:25:30 knnindia.co.in