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₹8,000 Cr and Counting—India’s Component Dream Gets a Mega Boost

Updated: July 08, 2025 09:30

Image Source: Invest India
India's path to being a world electronics hub was given a fresh boost as the Centre cleared the investment proposals amounting to ₹8,000 crore under the recently notified Electronics Components Manufacturing Scheme (ECMS). The scheme forms part of a larger strategy to enhance domestic value addition and reduce dependence on imports.
 
Key Features of the Scheme:
  • The ECMS, spurred by the Ministry of Electronics and IT, will attract ₹59,350 crore of investment in a span of six years and generate over 91,000 direct jobs.
  • The proposals worth ₹8,000 crore received till date are the initial wave of the interest since the scheme opened for submission on May 1, 2025.
  • Three models of incentives are offered by the scheme: turnoverlinked, capexlinked, and hybrid, which are appropriate to the capitalintensive character of component manufacture.
Strategic Priority Areas:
  • The curriculum is centered on the passive components including resistors, capacitors, connectors, and inductors, and subassemblies like camera and display modules.
  • It also favors capital equipment production, like a 25% capex incentive to enhance the country's tooling base.
  • Horizontal benefits extend to industries like automotive, medical devices, and power electronics, and have a multiplier effect on the industries.
Why It Matters:
  • India's electronics production has grown fivefold in the past ten years, with its exports crossing ₹2.4 lakh crore in FY24.
  • The ECMS represents a transition from putting together completed products to constructing a strong elements ecosystem—essential to sustained selfsufficiency.
Sources: Press Information Bureau, The Hindu BusinessLine, Times of India, Outlook Business

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