New Delhi: The approval of the first tranche of seven projects worth over Rs 5,500 crore under the Electronics Components Manufacturing Scheme (ECMS), announced by Union Minister Ashwini Vaishnaw on Monday, signals a strong push to deepen India’s electronics value chain. The initiative reflects the government’s focus on building a robust domestic base for high-value components to support large-scale manufacturing, according to an official statement.
In recent years, India’s electronics sector has achieved extraordinary growth, emerging as the third-largest and fastest-growing export category in 2024–25. The ECMS seeks to build on this momentum, driving the nation closer to its goal of becoming a global leader in advanced electronics manufacturing, the statement said.
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