ICEA Welcomes Strategic Approvals That Will Deepen Value Chains and Create Indian Champions in Components Manufacturing

02^nd January 2026, New Delhi: India Cellular and Electronics Association (ICEA), the apex industry body representing India’s electronics and technology sector, strongly welcomes the approval of 22 new proposals under the third tranche of the Electronics Components Manufacturing Scheme (ECMS) by the Ministry of Electronics and Information Technology’s (MeitY). With a projected investment of ₹41,863 crore, these approvals mark a decisive inflection point in India’s journey towards deep manufacturing and the creation of globally competitive Indian champions in electronics components.

With this tranche, the total number of ECMS-approved projects rises to 46, taking cumulative approved investments to over ₹54,500 crore. Earlier tranches saw seven projects worth ₹5,532 crore approved on 27 October and 17 projects amounting to ₹7,172 crore on 17 November. The rapid scale-up across tranches underscores the strong industry response and the growing confidence in India’s components manufacturing vision.

According to MeitY, the 22 projects approved in the third tranche alone are expected to generate production worth ₹2,58,152 crore and create 33,791 direct jobs. Notably, this single tranche more than doubles the combined projected production value of ₹1,09,517 crore from the first two tranches, reflecting the accelerating momentum and maturing depth of India’s electronics components ecosystem.

Notified in April 2025 with a total outlay of ₹22,919 crore over six years, ECMS has rapidly emerged as one of India’s most consequential industrial policy interventions. As of early October, the scheme had attracted 249 applications proposing investments of ₹1.15 lakh crore, projected production of ₹10.34 lakh crore, and potential employment for 1.42 lakh people. This overwhelming response signals a structural shift, where India is no longer seen merely as an assembly destination, but as a future global hub for high-value electronics components.

The latest approvals span 11 critical product segments that serve mobile phones, telecom equipment, consumer electronics, automobiles, IT hardware, and strategic electronics. These include five core components such as printed circuit boards (PCBs), capacitors, connectors, enclosures, and lithium-ion cells; three advanced sub-assemblies including camera modules, display modules, and optical transceivers; and three key supply-chain inputs such as aluminium extrusion, anode material, and laminates. Together, these categories address some of the most import-intensive and strategically vital layers of the electronics value chain.

Geographically, the projects will be implemented across eight states, Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, advancing the Government of India’s vision of balanced, nationwide electronics manufacturing growth and resilient, distributed supply chains.

Shri Pankaj Mohindroo, Chairman, India Cellular and Electronics Association said: “The approval of the third tranche under the ECMS sets a powerful new trajectory for India’s electronics manufacturing journey. Starting the New Year with investments of this scale and strategic depth is deeply encouraging and sends an unambiguous message that India is taking definitive strides towards deep, value-driven manufacturing. ECMS is accelerating the creation of Indian champions in components, strengthening domestic value chains, and positioning India as a trusted and indispensable partner in global electronics supply networks. This momentum reflects strong global confidence in India’s policy vision and reinforces our shared commitment to building a globally competitive, self-reliant electronics ecosystem.”

ICEA congratulates Tata Electronics, Dixon, Motherson, ATL Battery, TDK, Yuzhan Technology (India) Private Limited, India Circuits, and others for securing approvals under this tranche.

ICEA firmly believes that ECMS is the cornerstone for deepening domestic value addition, reducing critical import dependencies, and embedding India more firmly into global electronics value chains. By strengthening the components layer, the scheme lays the foundation for sustainable scale in finished electronics, enhances competitiveness across sectors, and enables the emergence of Indian companies as global leaders in components manufacturing.

ICEA looks forward to continued close collaboration with MeitY, state governments, and industry stakeholders to ensure swift execution, ecosystem alignment, and the translation of these approvals into world-class manufacturing capacity, high-quality employment, and long-term technological leadership.