India’s electronics push is gaining steam. The government has received a whopping 249 applications under the Electronics Component Manufacturing Scheme (ECMS), covering everything from printed circuit boards (PCBs) to sub-assemblies for electronic goods. The Ministry of Electronics and Information Technology shared this update on Thursday from New Delhi.
This flood of interest points to companies eager to boost India’s electronics manufacturing sector. IT Minister Ashwini Vaishnaw kept company names under wraps, but he noted that some applicants are going big by seeking incentives for multiple component types.
The hottest categories? Electro-mechanical parts drew 87 applicants, while multi-layer PCBs attracted 43. One standout company even pledged about Rs 22,000 crore in investment.
Looking ahead, the government plans to ramp up material production in the second phase of the India Semiconductor Mission, which is in the works. Most application windows have closed, but they’re keeping doors open for capital goods—like heavy manufacturing equipment—until April 2027. Setting up those facilities just takes more time.
IT Secretary S. Krishnan explained that incentives will roll out on a “first come, first served” basis. “With 249 applications for making everything from printed circuit boards (PCBs) to sub-assemblies in electronic goods, the interest is clear,” he said. Approved companies that get their products to market quickly will snag the payouts first.
The Ministry has already kicked off scrutiny of these applications and promises to speed up approvals. “We’ll fast-track the process,” Krishnan added.
Launched in April as a sidekick to the India Semiconductor Mission, the ECMS comes with a Rs 22,919 crore budget. It offers incentives tied to output and jobs, focusing on building electronic components—not just final products or chip fabrication—to fortify India’s electronics manufacturing value chain.
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