Govt notifies ₹22,919 Cr scheme to boost electronics, create jobs

With smartphone exports exceeding Rs 2 lakh crore in FY25, and Rs 1.5 lakh crore contributed by iPhones alone, the IT Ministry has issued the Rs 22,919 crore Electronics Components Manufacturing Scheme (ECMS), marking yet another important milestone that will support India's position as an electronics manufacturing superpower internationally.

According to Union Minister Ashwini Vaishnaw, the Electronics Components Manufacturing Scheme marks the continuation of recent Cabinet initiatives. “Our government has always been open-minded, consultative, and inclusive. We take everyone’s views into account before finalising any law or policy,” he said. 

For the past decade, electronics production has increased five times, and electronics exports have increased by more than six times, with export compound annual growth rate ("CAGR") of over 20 per cent and production CAGR of over 17 per cent.

In keeping with global trends in the industry, the Union Minister stated that India's journey into electronics manufacturing has evolved through distinct phases, starting with the production of finished goods, moving into the production of sub-assemblies, and now entering an important phase of deep component manufacturing. The industry is progressively moving into this third phase, which shows remarkable advancements in value addition, self-reliance, and ecosystem depth.

“Within a short time, the electronics manufacturing ecosystem — comprising component manufacturers and a diverse range of players — has developed substantially. Today, there are more than 400 production units, both big and small, manufacturing a variety of components,” said Vaishnaw.