The industry has expressed appreciation for the government’s approval of 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS). This move is seen as a significant turning point in India’s journey towards enhancing manufacturing capabilities and fostering globally competitive Indian players in electronics components. The total number of ECMS-approved projects now stands at 46, with cumulative investments exceeding Rs 54,500 crore.
Earlier tranches saw the approval of seven projects worth Rs 5,532 crore on October 22 and 17 projects amounting to Rs 7,172 crore on November 17. The rapid expansion across tranches highlights the robust industry response and the increasing confidence in India’s components manufacturing vision. Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), emphasized that the approval of the third tranche under the ECMS signifies a new and potent direction for India’s electronics manufacturing sector.
The ECMS initiative aims to foster the development of Indian champions in components, reinforce domestic value chains, and position India as a reliable partner in global electronics supply networks. The 22 projects approved in the third tranche alone are anticipated to generate production worth Rs 2,58,152 crore and create 33,791 direct jobs, according to MeitY.
These projects span 11 crucial product segments catering to various industries such as mobile phones, telecom equipment, consumer electronics, automobiles, IT hardware, and strategic electronics. They encompass core components like printed circuit boards (PCBs), capacitors, connectors, enclosures, and lithium-ion cells, among others. Geographically, the projects will be implemented across eight states, aligning with the Government of India’s objective of fostering balanced electronics manufacturing growth nationwide.
Tata Electronics, Dixon, Motherson, ATL Battery, TDK, Yuzhan Technology (India) Private Limited, India Circuits, and other entities securing approvals under this tranche have also been acknowledged by ICEA for their contributions.
