Govt okays 22 proposals under ECMS with planned investment of Rs 41,863 Cr
The approved proposals include those from Dixon, Samsung Display Noida Pvt Ltd, Foxconn, and Hindalco Industries. These approvals are expected to spur 33,791 direct employment opportunities.
The Ministry of Electronics and IT on Friday said it has approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), with a projected investment of Rs 41,863 crore and production of Rs 2,58,152 crore.
The approved proposals include those from Dixon, Samsung Display Noida Pvt Ltd, Foxconn (Yuzhan Technology India Pvt Ltd), and Hindalco Industries.
These approvals are expected to spur 33,791 direct employment opportunities.
In continuation of the approvals for 24 applications for an investment of Rs 12,704 crore announced earlier, the Ministry of Electronics and Information Technology (MeitY) has further approved 22 proposals under the ECMS, with a projected investment of Rs 41,863 crore and projected production of Rs 2,58,152 crore.
Union IT Minister Ashwini Vaishnaw gave out the approval letters to the players on Friday.
As per a background note circulated by the Ministry on the third tranche of approvals, the nod includes the manufacturing of 11 target segment products that have cross-sectoral applications, such as mobile manufacturing, telecom, consumer electronics, strategic electronics, automotive, and IT hardware.
The approved projects are spread across eight states, including Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh and Rajasthan, and reflect the government's focus on geographically balanced industrial growth and expansion of electronics manufacturing across the country.
Of 11 products, 5 are bare components such as PCBs, Capacitors, Connectors, Enclosures, and Li-ion Cells; 3 pertain to sub-assemblies such as Camera Modules, Display Modules, and Optical Transceivers; and 3 are supply chain items such as Aluminium Extrusion, Anode Material, and Laminate.
The background note said the approvals aim to significantly strengthen domestic supply chains, reduce import dependence for critical electronic components, and support the growth of high-value manufacturing capabilities in India.
India has been seeking to deepen its electronics manufacturing ecosystem beyond final product assembly, which has traditionally relied heavily on imported components. While initiatives such as the Production Linked Incentive (PLI) schemes helped scale mobile phone and electronics assembly over the past few years, policymakers have increasingly highlighted the need to build domestic capabilities in components, sub-assemblies and upstream materials to improve value addition, supply-chain resilience and export competitiveness.
ECMS fits into this broader strategy to position India as a global electronics manufacturing hub amid shifts in global supply chains and efforts by multinational companies to diversify production bases. By encouraging investments across multiple states and product categories, the government aims to reduce vulnerabilities to external shocks, create skilled manufacturing jobs and support sectors such as telecom, automotive electronics and strategic technologies.
(With inputs from PTI)