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The Central government has approved a new set of proposals under the Electronics Component Manufacturing Scheme (ECMS), securing investment commitments worth Rs 7,712 crore. IT Secretary S Krishnan said on Monday, November 17, that 17 applicants were selected from 249 submissions, marking another major step in expanding India’s electronics value chain.

This tranche is notable for including the first investment approval from Jammu and Kashmir, signalling wider geographical participation in the country’s electronics manufacturing push. Other cleared applications come from Uttar Pradesh, Madhya Pradesh, Karnataka, Maharashtra and Tamil Nadu.

Krishnan said the scheme’s core objective remains to deepen India’s electronics value chain at a time when global companies are seeking to diversify their supply chains. He added that India is well-positioned to become a strong destination for this shift.

Among the 17 approved applicants, ten major proposals include Aequs Consumer Products Private Limited, which has committed Rs 1,500 crore with projected production of Rs 7,669 crore.

Other cleared firms include Secure Circuits, TE Connectivity India (Rs 612 crore), Jabil Circuit (Rs 957 crore), Zetfab, Zetchem (Rs 55 crore), Micropack (Rs 54 crore), Asux Safety Components, Uno Minda (Rs 264 crore), AT&S India, HI-Q, Infopower Technologies, Syrma Mobility (Rs 250 crore) and Jammu and Kashmir–based Meena Electrotech with an investment of Rs 111 crore.

Officials said the approvals mark strong industry confidence in India's electronics manufacturing capabilities, driven by policy stability, supply-chain diversification and rising global demand.

Krishnan said the aim is to ensure that India builds deep-rooted competitiveness in electronics components, so that rising labour costs in the future do not trigger an industry exodus. The goal is to become an integral part of diversified and resilient global value chains.

He added that ECMS encourages companies to move beyond mobile-phone–centric production and expand into auto electronics, medical electronics, consumer electronics and industrial electronics.

Union IT Minister Ashwini Vaishnaw said the long-term success of electronics manufacturing hinges on three pillars - strong design teams, consistent six-sigma quality across products, and a robust network of Indian suppliers capable of meeting global standards.

He said the Centre will soon introduce a dedicated skilling framework to support the sector’s expanding workforce needs.

The ECMS scheme, approved by the Cabinet on May 1, 2025 with an outlay of Rs 22,919 crore, has attracted 249 applications with a projected investment of Rs 1,15,351 crore - nearly double the Rs 59,350 crore initially targeted.

The government expects electronics component production under the scheme to reach around Rs 10,34,700 crore over the next six years, with significant direct and indirect job creation.

Officials noted that fund allocation will depend on execution speed. Companies that move quickly from approval to on-ground implementation will be able to claim incentives earlier, making the scheme a competitive race towards production.

Ankit Kumar is a Senior Sub Editor at Zee Business. He covers international affairs, politics, climate change, business, finance and global elections. With experience acros