Government approves 12 new electronics manufacturing projects under ECMS scheme

The government approved 12 new projects on Friday under the Electronics Component Manufacturing Scheme, raising the total number of approved applications to 118. These latest approvals bring in investments worth ₹7,503 crore. Total committed investments have now reached ₹77,051 crore, which is nearly 30% higher than the original target of ₹59,350 crore.

Project Details

The largest investment among the new approvals is a ₹3,546-crore copper foil facility set up by Indo Asia Copper Ltd in Amreli, Gujarat. The new projects span across several important segments like anode material, cathode active material, printed circuit boards, capital goods, polypropylene film, heat sinks, specialty ceramics, relays, and camera rims. State-wise, Tamil Nadu leads with four projects, followed by Gujarat and Maharashtra with two each, while Punjab, Uttar Pradesh, Madhya Pradesh, and Karnataka have one project each.

Growth and Targets

Projected production has increased to ₹5.73 lakh crore from the original target of ₹4.56 lakh crore, marking an increase of nearly 26%. IT Secretary S. Krishnan stated that the scheme's employment target of 91,600 people is also close to being achieved. Union IT Minister Ashwini Vaishnaw noted that these steps aim to deepen domestic manufacturing across the entire electronics value chain rather than stopping at final-product assembly. The government also launched a web application portal for the second phase of the India Semiconductor Mission to further strengthen the domestic semiconductor ecosystem.

Context

Schemes like the Electronics Component Manufacturing Scheme use financial incentives linked to company turnover and actual production to encourage local industrial growth. Building domestic capabilities in raw materials and specialized machinery helps reduce dependence on overseas suppliers for critical electronic parts.