Starting from May, the government has received ₹80 billion in investment proposals under the new ECMS Scheme. The approvals may be issued in August or September.
The central government has already received investment proposals worth ₹75–80 billion under its new Electronics Components Manufacturing Scheme (ECMS), according to a recent report by the Business Standard.
Since the application window opened on 1 May, nearly 100 companies, both Indian and international, have submitted proposals to establish manufacturing units across the country.
The report stated that as per its sources, the evaluation process has begun, with approvals expected to be issued in phases starting late August or early September.
The ECMS, launched by the Ministry of Electronics and Information Technology (MeitY) in April this year, aims to enhance domestic production of essential components such as printed circuit boards (PCBs), lithium-ion cells, and non-surface-mount device (non-SMD) parts.
The scheme is backed by a ₹229.11 billion budget and will run for six years. It is a part of the government’s larger push to reduce import dependency and boost India’s electronics supply chain resilience.
Furthermore, in addition to evaluating applications, MeitY is in the process of selecting a project management agency to oversee the scheme’s implementation and ensure effective coordination between stakeholders.
The report added that companies applying must provide detailed employment projections, outlining the number of jobs each proposal is expected to generate. This requirement mirrors the government’s focus on job creation alongside industrial growth.
The ECMS aligns with India’s long-term goal of positioning itself as a competitive player in the global electronics industry. By focusing on critical components often sourced from abroad, the scheme is expected to create a strong foundation for a self-reliant electronics manufacturing ecosystem.
Read more: Cabinet Okays ₹229.19B Electronic Components Manufacturing Scheme
