Component PLI Scheme to Boost Electronics Output, Jobs by FY27

India’s Electronics Components Manufacturing Scheme (ECMS), also known as the component PLI scheme, is expected to deliver visible results from FY 2026–27, with official estimates pointing to strong growth in output, investment, and employment.

The scheme is projected to attract investments of Rs 11,156 crore in FY27 alone, drive production worth Rs 29,024 crore, and generate around 19,240 direct jobs. Since being notified in April 2025, ECMS has seen 46 projects approved across 11 states, reflecting strong industry interest. These approved projects together represent committed investments of over Rs 54,500 crore and are expected to generate electronic component production valued at more than Rs 3.6 lakh crore over their full lifecycle.

The scheme focuses on strengthening domestic manufacturing of key components such as multi-layer printed circuit boards, camera modules, connectors, oscillators, and optical transceivers, which are widely used in mobile phones and IT hardware.

As of December, total investment commitments under ECMS had reached Rs 1.15 lakh crore, nearly twice the original target, while projected production over six years stands at over Rs 10.3 lakh crore. Direct employment generation under the scheme is expected to cross 1.4 lakh jobs. The government has described ECMS as a crucial missing link in India’s electronics manufacturing ecosystem.

This comes at a time when India’s electronics production has grown nearly six times in the last decade, reaching Rs 11.3 lakh crore in 2024–25, while exports have surged to Rs 3.27 lakh crore. To build on this momentum, the government has expanded ECMS funding to Rs 40,000 crore alongside the launch of India Semiconductor Mission 2.0.

Source: Moneycontrol