Source: PIB
Context: The Government of India has approved the first batch of seven projects worth ₹5,532 crore under the Electronics Components Manufacturing Scheme (ECMS), projected to generate ₹36,559 crore in production.
About Electronics Components Manufacturing Scheme (ECMS):
What it is?
- A flagship initiative under the Ministry of Electronics and Information Technology (MeitY) to strengthen India’s component-level manufacturing ecosystem and reduce dependence on imports for key electronic parts.
Launched in:
- Approved by the Union Cabinet in 2024, the scheme aims to make India self-reliant in critical electronic components and materials.
Objective: To promote domestic manufacturing of sub-assemblies, bare components, and capital equipment, enhance domestic value addition (DVA), and integrate Indian firms with Global Value Chains (GVCs) in electronics and semiconductors.
Tenure:
- Turnover-linked incentive: 6 years (with 1-year gestation).
- Capex incentive: 5 years.
Features:
- Investment Support: Offers differentiated turnover-linked, capex, and hybrid incentives to offset manufacturing disabilities.
- Target Segments: Focuses on PCBs, Camera Modules, Copper-Clad Laminates, Polypropylene Films, and capital equipment.
- Strategic Impact: Aims to meet 100% domestic demand for Copper Clad Laminates, 20% for PCBs, and 15% for Camera Modules.
- Employment Generation: Expected to create 91,600 direct jobs and strengthen local R&D capacity.
- Complementary Ecosystem: Works in tandem with PLI for Electronics and India Semiconductor Mission (ISM) to build an end-to-end manufacturing chain — from devices to materials.
