On Monday, March 30, 2026, the Ministry of Electronics and Information Technology (MeitY) approved 29 major investment proposals under the Electronics Component Manufacturing Scheme (ECMS).
With a total investment of ₹7,104 crore ($751 million), this latest tranche is a decisive move to shift India from a “final assembly” hub to a deep-tech component manufacturer. The projects are expected to generate ₹84,515 crore in production value and create over 14,200 direct jobs.
The “Firsts” in Indian Manufacturing
This round of approvals is notable for introducing high-tech manufacturing capabilities that previously did not exist in India:
- Rare-Earth Permanent Magnets: Lohum Cleantech received the green light for India’s first project to manufacture these magnets from rare-earth oxides. This is a critical breakthrough for the EV and drone supply chains, which are currently heavily dependent on Chinese imports.
- Display Modules: Dixon Display Technologies (a subsidiary of Dixon) will begin the sub-assembly of display modules (TFT-LCD). This addresses one of the most expensive imported components in smartphones and laptops.
- Flexible PCBs: Syrma Strategic Electronics will establish a plant for Flexible Printed Circuit Boards (FPCBs), essential for foldable phones, wearables, and medical devices.
- Tantalum Capacitors: Approval was granted for India’s first surface-mount device (SMD) plant for tantalum-based capacitors.
Key Companies & Product Categories
The 29 proposals span 16 product categories, targeting everything from telecommunications to automotive electronics.
| Category | Key Approved Companies |
| Connectors & Interconnects | Molex India, Amphenol FCI India, Terminal Technologies |
| Passive Components | Vishay Components India (Capacitors), TDK India (Inductors) |
| Semiconductors & Sensors | Vishay Precision Transducers (Resistors/Transducers) |
| Energy Storage | Munoth Lithium Battery (Li-ion cells for digital apps) |
| Upstream Supply Chain | Syrma Components (Copper Clad Laminates), Dhruv Industries |
| Capital Equipment | Titan Engineering & Automation, Bharat FIH, IFB Industries |
The 2031 Vision: A $500 Billion Ecosystem
The Union Budget 2026–27 recently raised the ECMS outlay to ₹40,000 crore, reflecting a long-term commitment to self-reliance.
- Vertical Integration: By funding “Copper Clad Laminates” (the base material for PCBs), the government is targeting the very start of the electronics value chain.
- Import Substitution: Components like heat sinks (VVDN Technologies) and metallized films (Dhruv Industries) are small but essential parts that currently account for a significant portion of India’s trade deficit in electronics.
- The “Post-PLI” Era: As the initial mobile manufacturing PLI (Production Linked Incentive) scheme nears expiry, these component-focused approvals ensure that global giants like Apple and Samsung have a local ecosystem to source from, rather than just an assembly line.
