India’s ECMS doubles its investment target, attracting INR 1.15 Lakh Cr

IT Minister Ashwini Vaishnaw announced that India’s Electronics Components Manufacturing Scheme (ECMS) has received INR 1.15 Lakh Cr in investment proposals, doubling its target. Projected production stands at INR 10.34 Lakh Cr with 1.41 Lakh jobs. MSMEs make up 60% of applicants, boosting advanced electronics. ECMS, aiming for a $500 billion ecosystem by FY32, offers incentives tied to turnover, capex, and employment, strengthening India’s electronics output.