October 2, 2025

India’s Electronics Component Manufacturing Scheme (ECMS) is breaking records and stealing limelight! Union Minister for Electronics and IT, Ashwini Vaishnaw, revealed on Thursday that the scheme has attracted applications for investments worth a dazzling ₹1.15 lakh crore. This is almost double the government’s first target of ₹59,350 crore, showing how much faith global players have in India’s growing electronics universe. The Ministry of Electronics and IT reported that production under ECMS is expected to skyrocket to ₹10,34,751 crore, more than twice the target of ₹4,56,500 crore. Employment is also booming, with about 1,41,801 jobs expected—nearly 1.5 times higher than the original goal of 91,600 jobs. Incentives paid out could reach ₹41,468 crore, much higher than the planned ₹22,805 crore. Minister Vaishnaw proudly said, “The investment applications of more than ₹1 lakh crore under the Electronics Component Manufacturing Scheme clearly show PM Narendra Modi’s focus on electronics manufacturing and the trust developed by the world in India in the last 11 years. This trust is resulting in investment, employment, and extra production.” The ministry highlighted a pioneering achievement: for the first time, India is attracting big investments in advanced electronics fields like SMD passives, laminates, flexible PCBs, anodes, and capital equipment. One company alone plans to invest around ₹22,000 crore – the highest-ever in this sector! This fantastic progress follows close consultations with the industry, boosting confidence to build a strong, self-reliant, and world-class electronics manufacturing base in India. Beyond ECMS, India’s semiconductor push is hot! The Semicon 1.0 phase approved 10 projects with investment proposals of ₹1.60 lakh crore and 23 design companies on board. Semicon 2.0 is underway with great industry support. On another front, the Production Linked Incentive (PLI) scheme for mobile phones has already pulled in ₹12,612 crore in investments. Mobile phone production is surging at a whopping 24% compound annual growth rate over the last decade, while exports rose even faster at 57%. Meanwhile, the PLI for IT hardware expects investments of ₹2,430 crore. Launched in April 2025, the ECMS aims to create a robust component manufacturing ecosystem right here in India. With these sparkling investment proposals, India steps closer to the government’s ambitious dream of turning into a $500 billion electronics manufacturing hub by 2030-31. Clearly, India’s electronics future is shining bright and wide open for business!

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Tags: Electronics component manufacturing scheme, Ashwini vaishnaw, India electronics industry, Investment, Employment, Pli scheme,