The launch of the Electronics Components Manufacturing Scheme (ECMS) by the Ministry of Electronics and Information Technology (MeitY) is a monumental step in India’s ambition to become a global hub for electronics manufacturing. This scheme, designed to strengthen the electronics manufacturing ecosystem, will foster substantial investments and increase domestic value addition.
With a budget outlay of ₹22,919 crore, ECMS aims to attract investments totaling ₹59,350 crore and generate ₹4,56,500 crore worth of products, while also creating over 91,600 direct jobs. The scheme aligns with India’s broader strategy of becoming a leader in semiconductor and electronics manufacturing, supported by the government's commitment to driving innovation and sustainable growth across sectors.
Congratulating MeitY on the landmark initiative, Mr. Ashok Chandak, President of SEMI India and the Indian Electronics & Semiconductor Association (IESA), highlighted the significance of the ECMS and its role in complementing India's Semiconductor Policy support. He stated, "The ECMS initiative marks a significant milestone in bolstering India's electronics manufacturing ecosystem and increasing domestic value addition, complementing the Semiconductor policy support”.
Speaking at the event of the release the scheme guidelines and portal by Hon’ble Union Minister Shri Ashwini Vaishnaw on 26th April 2025, Mr. Chandak emphasized that SEMI and IESA are implementing multiple strategies to amplify this scheme and enhance its impact, including:
1. International Collaborations: Through SEMI Global and IESA's Memorandums of Understanding (MoUs) with industry associations in Japan, Korea, Taiwan, Singapore, and the USA, we are fostering international cooperation to enhance the electronics component ecosystem in India. We actively promote India's policies on both domestic and global platforms to attract investments and develop the ecosystem with a prospect of global markets.
2. State-Level Partnerships: Serving as knowledge partners, IESA has established MoUs with multiple state governments to promote ESDM, including components manufacturing, across various regions, aligning with the 'Make in India – Make for the World' initiative.
3. Engagement with Distributors: Most global and Indian component distributors are members of SEMI and IESA. We aim to support the distribution and warehousing needs of component manufacturers and user industries both within India and globally.
4. Support of EMS and OEM Industries: Our member companies include Electronics Manufacturing Services (EMS) and Original Equipment Manufacturers (OEMs) that are keen on investing in and setting up plants, thereby driving demand and local value addition.
5. Global Promotion of Policies: We actively promote India's policies on both domestic and global platforms to attract investments and develop the ecosystem with a prospect of global markets. In the upcoming SEMICON India event of Sept 1st week , we hope to have several companies and members demonstrating the progress in this direction.
The ECMS, with a total budget outlay of ₹22,919 crore, aims to attract investments of ₹59,350 crore, resulting in the production of ₹4,56,500 crore worth of products and generating additional direct employment of 91,600 persons, thereby strengthening India's position as a global hub for electronics manufacturing.
𝐒𝐭𝐚𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐞𝐝 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐛𝐲 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐞 WhatsApp Channel now! 👈📲
𝑭𝒐𝒍𝒍𝒐𝒘 𝑶𝒖𝒓 𝑺𝒐𝒄𝒊𝒂𝒍 𝑴𝒆𝒅𝒊𝒂 𝑷𝒂𝒈𝒆𝐬 👉 Facebook, LinkedIn, Twitter, Instagram
