Electronics Component Scheme Soars: Rs 41,863 Cr Approved, 22 Projects Across 8 States

• Government clears 22 new proposals under ECMS, involving Rs 41,863 crore investment, Rs 2.58 lakh crore production, and 33,791 direct jobs, marking the largest tranche of approvals.
• The approvals significantly expand ECMS's scale and scope, aiming to deepen domestic electronics manufacturing beyond final assembly.
• Projects span 11 target segment products like PCBs, lithium-ion cells, camera modules, and display modules, with applications across mobile, telecom, automotive, and IT hardware.
• Unlike earlier batches, these approvals are spread across 8 states: Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan.
• ECMS, notified in April last year, addresses India's reliance on imported components, complementing PLI schemes to boost domestic value addition and secure supply chains.

Why It Matters: India's electronics manufacturing gets a major boost with Rs 41,863 Cr ECMS approvals, reducing import dependence.