The India Cellular and Electronics Association (ICEA) congratulates the Ministry of Electronics and Information Technology (MeitY) and Hon’ble Minister Shri Ashwini Vaishnaw for the remarkable success of the Electronics Component Manufacturing Scheme (ECMS). This achievement marks a major milestone in India’s path to self-reliance (Aatmanirbharta), with Indian companies now playing a stronger role in global supply chains.
The ECMS has attracted an exceptional level of interest from both domestic and international investors, securing commitments worth over ₹1.15 lakh crore. The projected output from this investment is estimated at ₹10.35 lakh crore—almost twice the initial production targets. Additionally, the scheme is now expected to create around 1.41 lakh direct jobs, based on 249 applications, which is a 54% increase over the original employment goal.
This unprecedented quantum of investments epitomises the growing confidence of the domestic and global business community in India’s policy stability.
Mr. Pankaj Mohindroo, Chairman, ICEA, remarked, “The manufacturing of sub-assemblies and components will be firmly established in the country now, substantially increasing India’s manufacturing prowess and global competitiveness. This scheme is secular and horizontal for all verticals of electronics, thereby building core competency and capacity.”
In 2024, ICEA released a detailed sectoral report highlighting the core challenges and requirements for building a robust sub-assembly and components ecosystem – forming the basis for the deliberations on the structure of the scheme.
“We are proud to have contributed extensively with MeitY in the consultations and global outreach efforts – interacting with companies from Taiwan, Japan, South Korea, the USA, etc. The scheme’s design reflects genuine industry partnership, and this is evident in the overwhelming response,” concluded Mr. Mohindroo.
The electronics sector has already demonstrated remarkable scale and capability built through industrial policies, such as the EMC scheme, SPECS and the Production Linked Incentive (PLI) Schemes. The sector has grown at a CAGR of 15% over the last decade to reach USD 133 billion in 2024-25, with mobile phones contributing the largest share of USD 64 billion.
Mr. Mohindroo further stated, “The deepening of the ecosystem and the increase in domestic value addition are dependent upon the scale of manufacturing. ECMS is the natural progression of the scale and capability we have built in mobile phones and electronics manufacturing. India is now the world’s second-largest mobile phone manufacturer, and with ECMS, we are confident that India will emerge as a comprehensive electronics manufacturing hub where Indian Champions will play a critical role on the global stage.”
This aligns with the vision of the Hon’ble Prime Minister, Shri Narendra Modi Ji. India is now firmly on track to achieve the collective mission of establishing a USD 500 billion domestic electronics manufacturing ecosystem by 2030-31, including USD 180-200 billion in exports.
ICEA remains fully committed to supporting the Hon’ble Prime Minister’s vision by realising the investments, fostering strategic industry partnerships, and delivering tangible outcomes that strengthen India’s position as a global electronics manufacturing hub.
