Electronics component plan gets ₹1.15 trn proposals: Govt

249 applications received so far, approvals expected soon

- AASHISH ARYAN

The government has received investment proposals totalling ₹1.15 trillion from 249 companies under the ₹22,919 crore Electronics Component Manufacturing Scheme (ECMS), Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Thursday.

“The trust that the world has developed for India over the past 11 years is showing in the form of investment, production, and employment commitments by global companies,” Vaishnaw said.

The first approvals under the ECMS are expected to be issued within the next few months, with production likely to begin before the end of 2026, a senior government official added.

Of the 249 applications received so far, the Ministry of Electronics and Information Technology (Meity) has received 87 from companies, including micro, small, and medium enterprises (MSMEs), seeking to manufacture electro-mechanical components. Another 22 companies, proposing an investment of ₹8,642 crore, have applied to produce display module sub-assemblies in India, while 14 companies, with a proposed investment of ₹6,205 crore, aim to set up camera module sub-assembly units.