70 Firms Apply Under ₹23,000 Crore Electronics Component Manufacturing Scheme

In a significant move to strengthen India’s electronics manufacturing ecosystem, the central government has received 70 applications under its ₹23,000-crore Electronics Component Manufacturing Scheme (ECMS) within just 15 days of launch. Union Minister Ashwini Vaishnaw noted that a majority of the applicants are small and medium enterprises (SMEs), reflecting strong grassroots industrial interest in reducing the country’s reliance on electronic imports.

Why in News?

The ECMS, launched on May 1, 2025, aims to reduce India’s heavy dependence on electronic component imports by promoting domestic manufacturing. The scheme’s quick traction, with 70 applications received, indicates significant interest, particularly from SMEs (80%). Large players like Tata Electronics, Dixon Technologies, and Foxconn have reportedly also shown interest.

Objective of the ECMS

• To address the growing demand-supply deficit in the electronic component segment.
• To boost self-reliance (Atmanirbhar Bharat) in critical electronics manufacturing.
• To reduce import dependency and build a strong domestic supply chain.

Key Features of the Scheme

• Total Outlay: ₹22,805 crore.
• Launch Date: May 1, 2025.
• Application Window: Received 70 proposals in the first 15 days.
• SME Participation: 80% of applicants are Small and Medium Enterprises.

Background

• India’s electronic production is projected to reach $500 billion by 2030.
• As per Elcina, the import-driven demand-supply deficit may hit $248 billion by 2030 without policy intervention.
• This scheme is part of India’s larger Make in India and Digital India initiatives to build a robust electronics manufacturing hub.

Classification of Products

• Category A: Display modules, camera module sub-assemblies.
• Category B: Non-surface mount devices, bare PCBs, lithium-ion cells, IT hardware parts.