The Ministry of Electronics & Information Technology on Saturday released guidelines and launched the portal of the new Electronics Components Manufacturing Scheme.
With an approved outlay of Rs 22,919 crore for a period of six years from FY26 to FY32, the scheme boasts of attracting over Rs 55,000 crore in investments into the Indian manufacturing industry.
The ECMS scheme aimed at encouraging electronic component players to assemble and produce display modules, camera modules, multi-layer Printed Circuit Boards, Li-ion cells for digital application. It will be open to applications for 11 types of components under segment A,B,C and D of the scheme. The application window will be opened from May 1, 2025, through its online portal www.ecms.meity.gov.in.
With this move, the Ministry of Electronics & IT aims to develop a robust component manufacturing ecosystem and put India on the Global Value Chain map.
With the new ECMS scheme, India can scale it's global manufacturing capability from 3% to 8% in next six years, according to people familiar with the matter.
Industry players such as Dixon Technologies India Ltd. are looking at the manufacturing scheme as an opportunity with great potential. "Dixon has existing play in devices manufacturing, will be evaluating three more categories to enter into," said Atul Lall, vice chairman and managing director, Dixon Tech.
"Scheme will benefit multiple sectors including automobile, aerospace, and more and India is on track to achieve target of 8% global manufacturing capability in next few years," he said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
