17th November 2025, New Delhi: India Cellular & Electronics Association (ICEA), the apex industry body representing the electronics and technology industry, today organised a special event to celebrate the unprecedented investment commitment of INR 1,15,351 crores by the domestic and global companies in the Electronics Component Manufacturing Scheme (ECMS).
During the event, Shri Ashwini Vaishnaw, Hon’ble Union Minister of Electronics & IT, along with Shri Jitin Prasada, Hon’ble Union Minister of State for Electronics & IT, acknowledged the effort undertaken by the entire ecosystem and approved an additional 17 projects under the Scheme, making a total of 24 applications approved. These projects will manufacture Camera Modules, Multi-layer PCBs, Enclosures for electronic devices, Connectors, Oscillators, and Optical Transceivers. Spread across 9 states, these manufacturing units, with an estimated cumulative investment of INR 7,127 crores, will generate direct employment to over 11,800 people.
In the first tranche announced on 27th October 2025, 7 applications with a total investment of INR 5,532 crores, creating 5,000 jobs, and producing INR 42,406 crores were approved for Kaynes, SRF, Syrma SGS, and Ascent Circuits.
During the 5-month application window, from May 1, 2025, to September 30, 2025, the scheme attracted 249 applications, which almost doubled the initial estimates of investments, production, and direct jobs. ECMS is now expected to generate 1,41,000 direct jobs by 2030-31.
These investments, aimed at building domestic capabilities in world-class quality manufacturing in India, will catalyse the entire electronics manufacturing ecosystem, enabling higher domestic value addition, and enhanced MSME participation, thereby strengthening India’s position in the global value chains.
Following the encouraging response from the industry, the government has also acted swiftly to approve the applications. The first set of approvals came just 27 days after the closing of the application window. Today, the second set of approvals were given to the following companies:
- Aequs
- ASUX Safety
- AT&S
- Ehoome IoT
- Hi-Q Electronics
- Jabil
- Meena Electrotech
- MicroPack
- Rakon
- Sahasra
- Secure Meters
- Sierra Circuits
- Syrma Mobility
- TE Connectivity
- UnoMinda
- Zetwerk
ECMS positions India as a resilient, trusted node in global electronics value chains, offering the world an alternative built on transparency, capability, and scale. In the coming years, domestic value addition is expected to increase with the development of design capabilities and the emergence of Indian Champions ready to compete globally.
The scheme’s sector-agnostic approach enables sub-assemblies and components for mobile phones, IT hardware, wearables, and all digital applications – creating a truly horizontal and broad-based manufacturing ecosystem. This success propels India toward Hon’ble PM Shri Narendra Modi’s vision of establishing a $500 billion electronics manufacturing ecosystem by 2030-31.
Shri Pankaj Mohindroo, Chairman, India Cellular & Electronics Association (ICEA), said: “An electronics manufacturing revolution is on the way. ECMS marks a turning point in India’s electronics manufacturing journey. This scheme is the catalyst that will build one of the world’s most competitive ecosystems across components, sub-assemblies and capital goods. ECMS will anchor global value chains in India, create globally competitive Indian champions in every major product vertical, and accelerate our march toward the Hon’ble Prime Minister’s vision of USD 500 billion in electronics manufacturing. This is India’s next industrial revolution, and we are fully committed to delivering it.”
Shri Ashwini Vaishnaw, Hon’ble Union Minister of Electronics and IT, stated: “The success of ECMS reflects the industry’s confidence in Prime Minister Narendra Modi ji’s Make in India vision. We began by building scale in finished products, and today India has created the demand and momentum to develop a strong component ecosystem. Our next leap will depend on three non-negotiables: building robust design capabilities, achieving Six Sigma quality across every product, and strengthening Swadeshi supply chains for true Atma Nirbharta. As geopolitics and geoeconomics evolve, India’s resilience will come from mastering our value chains end-to-end. The government will continue to partner closely with industry on skilling, quality systems, and a forward-looking digital and cyber framework.”
Shri Jitin Prasada, Hon’ble Minister of State for Commerce & Industry; Electronics & IT, said: “In an unstable global environment, India stands out for its political stability, policy continuity and long-term vision, making us the world’s most reliable destination for electronics manufacturing. Our mission is clear: Make in India and Make for the World. As electronics becomes our third-largest export sector, states across the country, including emerging talent hubs like Bihar, must be part of this growth story. I congratulate today’s approved applicants, but echo the message that this is a competitive scheme: speed, execution and quality will define success.”
Shri S. Krishnan, Secretary, Ministry of Electronics & IT, said: “ECMS is designed to deepen India’s electronics value chain and build an inherently competitive manufacturing ecosystem. Our goal is not protectionism, but global competitiveness, where components made in India can stand anywhere in the world. With the second tranche of approvals issued today, we are matching speed with meticulous planning to ensure that execution on the ground is swift and disciplined. This scheme is the foundation for the next era of electronics manufacturing, far beyond mobile phones, into auto-electronics, medical, industrial and emerging devices.