October 09, 2026 08:07 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Restriction, not complete closure’: Supreme Court questions Delhi shutdown ahead of CJP protest | 'Unwarranted': India hits back at JD Vance over ‘indentured servants’ remark amid US Green Card crackdown | US targets Microsoft, Infosys, Tata in green card crackdown | ‘Bold and inventive’: Canadian poet Anne Carson wins 2026 Nobel Prize in Literature | ‘Attempt to destabilise world’s largest democracy’: 42 retired judges rally behind Gyanesh Kumar over ‘vote chori’ row | ‘Vote chor, gaddi chod’: Dhruv Rathee, Prakash Raj join Bengaluru protest against Gyanesh Kumar | India condemns Houthi attacks on Saudi airports, calls targeting of civilian infrastructure unacceptable | Dalal Street bloodbath: Investors lose Rs. 8 lakh crore as Sensex crashes over 1,000 points | Amazon layoffs hit India, US and UK: Fresh job cuts rock e-commerce giant amid festive shopping season | Bollywood mourns Nana Patekar: Anupam Kher, Akshay Kumar, Jr NTR, Suniel Shetty pay emotional tributes
Photo: Pixabay

Electronics component scheme draws ₹1.15 lakh cr proposals; surpasses targets for jobs, output and investment

| @indiablooms | Oct 02, 2025, at 07:34 pm

New Delhi: The Electronics Component Manufacturing Scheme (ECMS) has attracted investment proposals worth ₹1.15 lakh crore, Union Electronics and IT Minister Ashwini Vaishnaw announced on Thursday, far surpassing the programme’s original benchmarks for investment, production, and employment.

The scheme, launched with an initial investment target of ₹59,000 crore, has now drawn proposals projecting production valued at over ₹10 lakh crore.

According to Electronics and IT Secretary S Krishnan, the projects are expected to create more than 1.41 lakh jobs, significantly higher than the original goal of 91,600 positions.

The government said applications are being evaluated on a first-come, first-served basis, giving priority to early entrants.

For the first time, proposals have been submitted in areas such as SMD passives, laminates, flexible PCBs, anodes, and capital equipment.

Vaishnaw stressed that nearly all industry players are now building design teams and capabilities, with around 60% of applications coming from MSMEs.

He underlined that these components will help meet domestic demand while also serving global markets.

Calling on states to capitalise on the momentum, the minister said the government’s next focus would be on indigenising raw materials critical for electronics and semiconductor manufacturing, including ultra-pure materials.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.