Electronics Components Manufacturing Scheme:
The Government of India has approved the first batch of seven projects worth ₹5,532 crore under the Electronics Components Manufacturing Scheme (ECMS), projected to generate ₹36,559 crore in production.
- A flagship initiative under the Ministry of Electronics and Information Technology (MeitY) to strengthen India’s component-level manufacturing ecosystem and reduce dependence on imports for key electronic parts.
- Approved by the Union Cabinet in 2024, the scheme aims to make India self-reliant in critical electronic components and materials.
- Objective is to promote domestic manufacturing of sub-assemblies, bare components, and capital equipment, enhance domestic value addition (DVA), and integrate Indian firms with Global Value Chains (GVCs) in electronics and semiconductors.
- Tenure:
- Turnover-linked incentive: 6 years (with 1-year gestation).
- Capex incentive: 5 years.
