Ashwini Vaishnaw Announces First Set of Approvals Under ECMS

Union Minister for Electronics & IT Ashwini Vaishnaw on Monday announced the first set of approvals under the Electronics Component Manufacturing Scheme (ECMS), marking a defining step toward strengthening India’s domestic electronics value chain. With a combined investment commitment of ₹5,532 crore, these initial approvals underline the government’s focus on deep component-level manufacturing, moving beyond assembly to establishing foundational capabilities within the country.

Vaishnaw announced that four companies have received approval in this first tranche under ECMS, Kaynes Circuits India Pvt Ltd, SRF Ltd, Syrma Strategic Electronics Pvt Ltd, and Ascent Circuits Pvt Ltd. These companies will manufacture key technologies including HDI and multilayer PCBs, flexible printed circuits, copper-clad laminates, polypropylene dielectric films, and advanced camera modules, components that form the backbone of the global electronics supply chain.

In his announcement, Vaishnaw emphasised that the ECMS is a critical step to reduce import dependency and build self-reliance in electronics. He stated, “The investment applications of more than ₹1 lakh crore under the Electronics Component Manufacturing Scheme clearly show the trust developed by the world in India in the last 11 years.”

The Minister further added that India’s ambition under ECMS is not limited to meeting domestic demand, as he noted, “India has the potential to become a global hub for electronics components manufacturing. Practically, we will not only be able to meet our own demand, but we will also become global suppliers of many of these items.”

Highlighting the core objective of the ECMS, the minister said, “The basic idea here is to deepen the value chain in India and ensure that overall, the domestic value-added component is substantially increased, at least doubled from the current parameters.”

Under ECMS, which was approved earlier this year, the scheme originally targeted ₹59,350 crore in investments, ₹4.56 lakh crore in production, and 91,600 direct jobs. However, as of 30 September 2025, 249 applications have been received, with investment commitments totaling ₹1,15,351 crore, projected production of ₹10.34 lakh crore, and expected direct employment of 1,41,801 people, showing a response far exceeding expectations.

Calling upon states to actively participate, Vaishnaw urged state governments to create enabling policy environments, as he said, “The huge response will also translate into more direct and indirect jobs for the people of the country… I urge states to develop favourable frameworks and infrastructure for electronics manufacturing in their regions.”

The announcement of the first ECMS approvals marks a significant milestone in India’s journey to build deep manufacturing capability, reduce import dependence, enhance global competitiveness, and firmly position India as a trusted electronics manufacturing hub. With approvals now in hand, the next phase will focus on speedy implementation, infrastructure strengthening, and capability building to realize the scheme’s transformative potential.

Source: The Economic Times