In just 15 days, India’s ₹228.05 billion electronics boost sees 70 firms—mostly SMEs—apply, signalling a manufacturing surge to bridge import gaps.
The Centre has received around 70 applications for its new Electronics Component Manufacturing Scheme (ECMS) within just 15 days of opening the application window. Union Minister Ashwini Vaishnaw confirmed the response, highlighting that most applications came from small and medium enterprises (SMEs).
Speaking to the press, Vaishnaw said, “The scheme has drawn tremendous interest, with 80% of the applications coming from SMEs.” He did not reveal the names of applicants, but industry sources earlier pointed to major players like Tata Electronics, Foxconn, and Dixon Technologies showing interest.
The scheme, launched on 1 May, is part of the government’s push to reduce reliance on imports and strengthen domestic supply chains in the electronics sector. It targets a significant demand-supply gap, which the Electronic Industries Association of India (ELCINA) warns could hit $248 billion (₹21 trillion) by 2030.
Of the total ₹228.05 billion budget, ₹210.93 billion is allocated for sub-assemblies such as camera modules and multi-layered PCBs. An additional ₹17.12 billion is earmarked for manufacturing parts used in these sub-assemblies and related capital goods.
The scheme categorises eligible products into four groups: Category A covers display and camera modules; Category B includes PCBs and lithium-ion cells; Category C features flexible PCBs and passive components; and Category D encompasses parts and capital goods for all previous categories.
Applications for Categories A, B, and C will be accepted for three months. The window for Category D will remain open for two years. Officials hope this initiative will fuel India’s goal of reaching $500 billion in electronics production by 2030.
