Govt approves ₹5,532 cr projects under ECMS

The Union government on Monday approved the first batch of projects under the Electronics Components Manufacturing Scheme (ECMS), with seven proposals cleared involving a total investment of ₹5,532 crore, with an expected production output of ₹44,406 crore and the creation of more than 5,100 direct jobs.

- Sejal Sharma

Ashwini Vaishnaw, Electronics and IT minister.

(PT)

The ₹5,532 crore outlay is the first tranche of a previously announced ₹1.15 lakh crore of proposed investments under ECMS. A senior official of the ministry of electronics and information technology (MeitY) told HT that the government will be announcing consequent tranches every fortnight. The ECMS, notified in April 2025 with a budget outlay of ₹22,919 crore for six years, received a strong response from both domestic and global investors, with 249 applications proposing total investments of ₹1.15 lakh crore, projected production worth ₹10.34 lakh crore, and potential employment generation for 1.42 lakh people, according to MeitY data from early October. A MeitY official told HT that over 150 of these applications have been approved till now.