03-Oct-2025
Electronics Component Manufacturing Scheme (ECMS)
Miscellaneous
Why in News?
ECMS, launched in April 2025, has attracted USD 13 bn investment proposals (double target), with 60% MSME participation and an aim to create 1.41 lakh jobs.
- Launch: To complement India Semiconductor Mission.
- Tenure: 6 years (FY 2025–26 to 2031–32; includes 1-year gestation).
- Objective: Enhance Domestic Value Addition, cut imports, integrate with Global Value Chains.
- Linkages: Electronics + automobile, power, industrial sectors.
- Incentives: Turnover-linked, capex-linked, or hybrid; partly tied to employment generation; first-come, first-served.
- Significance:
- Electronics = India’s 3rd largest export; 2nd largest mobile manufacturer.
- Goal: USD 500 bn electronics ecosystem by 2030–31.