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Apple leads ECMS drive, ties up with five anchor vendors
Business Standard
|January 03, 2026
In a major push to build a robust electronic components ecosystem in India, Apple Inc has signed up with five leading companies — global majors and top Indian conglomerates — as anchor vendors.
Together, these firms are investing about ₹30,537 crore to supply components both to the Cupertino-headquartered company and to its global supply chain.
The five companies account for 73 per cent of the total investment of ₹41,863 crore cleared on Friday by the Ministry of Electronics and Information Technology (Meity) for 22 firms under the third tranche of the Electronics Components Manufacturing Scheme (ECMS), which offers incentives to eligible manufacturers.
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