India’s ECMS Scheme: Boosting Electronics Manufacturing
India has approved seven projects worth US$625 million under the ECMS scheme to enhance high-value electronics manufacturing and local component production.
The electronics sector has experienced rapid growth, with production increasing from INR 1.9 trillion (US$21.46 billion) in FY 2014-15 to INR 11.3 trillion (US$127.6 billion) in FY 2024-25, representing a six-fold rise.
Exports have also grown significantly, with an eightfold increase from INR 380 billion (US$4.29 billion) to INR 3.27 trillion (US$36.9 billion) during the same period.
The sector has attracted US$2.04 billion in FDI equity inflows between April 2024 and March 2025, demonstrating investor confidence, and created approximately 2.5 million jobs.
The industry's growth reflects its rising global competitiveness, with electronics becoming India’s third-largest export category in FY 2024-25.
Author’s summary: India boosts electronics manufacturing with $625 million projects.