Make in India 2.0: A ₹22,919 Cr Boost for Electronics Innovation

The government of India has announced the guidelines for the Electronics Component Manufacturing Scheme (ECMS), a ₹22,919 crore scheme that aims to bolster indigenous electronics manufacturing and position Indian companies in global value chains. Union Minister for Electronics and Information Technology Ashwini Vaishnaw launched the scheme, highlighting its importance in enhancing big-ticket investments and promoting innovation.

 

Key Highlights:

The event was attended by more than 200 stakeholders consisting of government authorities, industry experts, and finance institutions, attesting to India's domestic and global interest in India's electronic manufacturing aspirations.

 

Sources: Business Standard, Press Information Bureau, NewsOnAir.