Electronics Components Scheme Receives ₹1.15 Lakh Crore Investment Applications, Surpassing Targets
SDG 8: Decent Work & Economic Growth | SDG 9: Industry, Innovation & Infrastructure
Institutions: Ministry of Electronics & IT
The Electronics Components Manufacturing Scheme (ECMS), approved on 1 May 2025 with a fiscal outlay of ₹22,919 crore, has attracted 249 applications committing investments worth ₹1,15,351 crore, nearly double the original target of ₹59,350 crore.
The scheme is projected to generate 1.42 lakh direct jobs (against the target of 91,600) and manifold indirect jobs. Over the next six years, it is expected to yield ₹10,34,700 crore in electronics components production, 2.2 times the earlier target of ₹4,56,000 crore.
The scheme builds on prior initiatives like Electronics Manufacturing Clusters (EMC), SPECS, and PLI for mobiles & IT hardware, completing the policy chain for a self-reliant ecosystem.
ECMS marks a deepening of India’s domestic value chains while positioning the country as a global hub. It supports the $500 billion domestic electronics manufacturing ecosystem vision by 2030-31, enhances MSME participation, and strengthens integration with global supply chains.
What is the Electronics Manufacturing Clusters (EMC) Scheme? → Launched by the Ministry of Electronics & IT (MeitY), the EMC scheme supports creation of world-class infrastructure for electronics manufacturing. It provides financial assistance to set up both Greenfield and Brownfield clusters with ready-built factory sheds, testing labs, logistics, and common facilities. The goal is to reduce costs for industry, strengthen supply chains, and attract investment by providing “plug-and-play” ecosystems.
What is SPECS? → The Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), notified in 2020, offers financial incentives of 25% on capital expenditure for manufacturing of electronic components, semiconductor packaging, and display fabrication. It matters because it encourages domestic value addition in critical components, reducing import dependence and building India’s capability in the high-value layers of the electronics sector.
Relevant Question for Policy Stakeholders:
How can India ensure timely approvals, infrastructure readiness, and value-chain linkages so that ECMS delivers both jobs and competitiveness in the next five years?
Follow the full news here: PIB Press Release ID 2174192