Govt clears 29 investment proposals worth Rs 7,104 cr under Electronics Component Manufacturing Scheme

The government on Monday approved the 29 applications under the fourth tranche of the Electronics Component Manufacturing Scheme, with the cumulative investments pegged at Rs 7,104 crore.

The Ministry of Electronics and IT (Meity) Secretary, S Krishnan, said the fresh investment proposal will create as many as 14,246 new jobs in the segment. The new applications will lead to the production of electronics components worth Rs 84,515 crore, he said.

With this new set of approvals, Meity has approved a total of 75 applications.


Under the latest Union Budget, the government announced an increase in the outlay for the Electronics Components Manufacturing Scheme (ECMS) to Rs 40,000 crore to deepen domestic manufacturing capacity. This comes with the Centre's vision of building a $500 billion domestic electronics manufacturing ecosystem by 2030–31.

As per the Economic Survey 2025-26, electronics have emerged as India’s third-largest and fastest-growing export category in FY25, rising from the seventh position in FY22. In the first half of FY26, electronics exports stood at $22.2 billion, maintaining strong growth momentum and placing the sector on course to become the country’s second-largest exported item.

India's electronics production has grown from Rs 1.9 lakh crore in FY15 to Rs 11.3 lakh crore in FY25, marking a six-fold increase, official data showed. Exports rose from Rs 38,000 crore to Rs 3.27 lakh crore in the same period.

Mobile manufacturing in India has increased from Rs 18,000 crore in 2014–15 to Rs 5.45 lakh crore in 2024–25. India is now the world’s second-largest mobile phone manufacturer, with more than 300 units operating compared to just two in 2014.

The scheme was notified on April 8, 2025 with an original outlay of Rs 22,919 crore and a tenure of six years, with an optional one-year gestation period. Since its notification, the government has approved 46 applications across 11 states, representing a cumulative investment of Rs 54,567 crore, with a projected production value of Rs 3,67,343 crore.