Source: PIB
Subject: Government Scheme
Context: The Ministry of Electronics and Information Technology (MeitY) approved 22 additional projects under the Electronics Components Manufacturing Scheme (ECMS) involving ₹41,863 crore of investment.
About Electronics Components Manufacturing Scheme (ECMS):
What it is?
- ECMS is a flagship incentive scheme to promote domestic manufacturing of electronic components, sub-assemblies, and capital equipment, reducing import dependence in India’s electronics sector.
Ministry: Implemented by the Ministry of Electronics and Information Technology (MeitY).
Launched in: Approved by the Union Cabinet in 2024 with a total outlay of ₹22,919 crore.
Tenure:
- Turnover-linked incentive: 6 years (including 1-year gestation period)
- Capex incentive: 5 years
Key features:
- Incentive structure: Turnover-linked, capex-based, and hybrid incentives to offset cost disabilities
- Target segments: PCBs, Camera Modules, Copper-Clad Laminates, Polypropylene Films, and electronics capital equipment
- Performance-based payouts: Incentives linked to incremental production and employment, rewarding early movers
- Strategic targets: 100% domestic demand for Copper-Clad Laminates, 20% for PCBs, 15% for Camera Modules
- Ecosystem approach: Complements PLI for Electronics and India Semiconductor Mission
Significance:
- Strengthens component-level manufacturing, the weakest link in India’s electronics value chain.
- Enhances Domestic Value Addition (DVA) and integration with Global Value Chains (GVCs).
- Expected to generate ~91,600 direct jobs and boost indigenous R&D.
