India’s ECMS scheme sees massive response with ₹1.15 lakh crore investment bids, doubling its target. A major boost for PCB & electronic component manufacturing.
In a resounding endorsement of India’s manufacturing policy the Electronics Component Manufacturing Scheme (ECMS) has received investment proposals far exceeding government targets, signaling a robust interest in building a deep-rooted electronics supply chain within the country.
The Ministry of Electronics and Information Technology announced on October 2, 2025, that it received applications with investment commitments of ₹1,15,351 crore by the September 30 deadline. This figure is nearly double the scheme’s initial investment target of ₹59,350 crore.
Production and Employment Projections Surge
The overwhelming response extends beyond just capital investment. The scheme which has an outlay of ₹22,919 crore for output- and employment-linked incentives, has attracted production estimates that vastly outpace initial goals.
IT Minister Ashwini Vaishnaw revealed, “Against a production target of ₹4,56,500 crore we have received production estimates more than ₹10,34,000 crore” over the scheme’s six-year tenure. On the employment front the scheme targeted 91,600 jobs but the applications project the creation of 1,41,000 jobs—one and a half times the original goal.
Fast-Tracking the Electronics Value Chain
Unveiled in April 2025 as a complement to the India Semiconductor Mission the ECMS is designed to encourage the manufacturing of core components like printed circuit boards (PCBs) and sub-assemblies moving beyond finished goods assembly to create a comprehensive electronics ecosystem.
A total of 249 applications were received. IT Secretary S. Krishnan stated that due to the high demand incentives will be disbursed on a “first come, first served” basis, prioritizing companies that can quickly establish operations and bring products to market. The ministry has begun scrutiny and will fast-track the approval process.
Key Focus Areas and Future Plans
While the Minister did not name specific companies, he noted that “Electro-mechanicals” and “multi-layer PCBs” attracted the highest number of applicants. One unnamed company alone committed an investment of approximately ₹22,000 crore.
Looking ahead, Mr. Vaishnaw hinted at the government’s plans to further broaden its support, stating, “We’re planning to encourage materials also,” alluding to an upcoming second phase of the India Semiconductor Mission.
The application window for most components is now closed, but recognizing the long lead time for setting up heavy equipment manufacturing, the government has kept the category for “capital goods” open until April 2027. This strategic move ensures that the entire machinery needed for this new component ecosystem can also be built within India, completing the value chain.
