On April 26, 2025, Union Minister for Electronics and Information Technology Ashwini Vaishnaw launched the guidelines and portal for the Electronics Component Manufacturing Scheme (ECMS) in Delhi, aiming to strengthen India’s electronics manufacturing ecosystem. Approved by the Union Cabinet on April 8, 2025, the scheme has a budget of ₹22,919 crore and is expected to attract ₹59,350 crore in investments, generate ₹4,56,500 crore in production, and create 91,600 direct jobs over six years.
The ECMS supports electronics, industrial, power, and automotive sectors by incentivizing the production of components, subassemblies, capital equipment, and supply chain elements. It offers hybrid incentives tied to turnover, capital expenditure, and employment, with a first-come, first-served application process to promote efficiency. The scheme’s guidelines are designed for clarity to ensure ease of doing business. Applications open on May 1, 2025, via www.ecms.meity.gov.in.
Vaishnaw highlighted India’s electronics manufacturing growth, with production increasing five-fold and exports rising over six-fold since 2014, achieving a production CAGR of 17% and export CAGR exceeding 20%. He stressed the importance of Six Sigma quality standards and urged companies to establish design teams to drive innovation. The minister noted that the ECMS will integrate Indian firms into global value chains and boost domestic value addition.
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The launch event drew over 200 participants, including government officials, domestic and global industry leaders, embassy representatives, and financial institutions. MeitY Secretary S Krishnan emphasized the scheme’s goal of establishing India as a global electronics manufacturing hub. Industry leaders commended the efficient execution of MeitY’s Production-Linked Incentive schemes.
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Below is reference table provided in the release by Ministry of Electronics & IT:
The event began with a minute of silence in memory of victims of a recent terrorist attack in Pahalgam.
For more info visit sites: www.ecms.meity.gov.in; www.meity.gov.in
