New electronic component scheme to double local  value addition to 40 pc over five years: Elcina

NEW DELHI, Oct 5: Record proposals submitted under India’s first scheme for non-semiconductor electronic components are likely to double local value addition in the production of finished goods to up to 40 per cent over the next five years, according to industry body Elcina. The electronics component makers’ body has urged state governments to enhance ease of doing business to support the Centre’s Electronics Component Manufacturing Scheme (ECMS). ECMS has received investment proposals worth Rs 1.15 lakh crore, which is more than double the target of Rs 59,000 crore envisaged under the scheme. “This is a game changer and has the potential to boost value addition of India’s electronics manufacturing eco-system from the current 15-20 per cent to 35-40 per cent over the next 5 years