Centre okays 22 investment proposals worth ₹42K crore under ECMS
- The Indian government has cleared 22 additional applications with investment proposals totaling ₹41,863 crore under the Electronics Component Manufacturing Scheme (ECMS), as announced on Friday, December 29, 2023.
- The ECMS is a key component of the Indian government's broader "Make in India" initiative, aiming to transform the country into a global manufacturing hub.
- The latest round of approvals includes a diverse range of companies, including established players and emerging manufacturers.
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India Approves ₹41,863 Crore in Investments for Electronics component Manufacturing
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Published January 3, 2026, at 02:48 AM PST
Government Boosts Domestic Electronics Manufacturing
The Indian government has cleared 22 additional applications with investment proposals totaling ₹41,863 crore under the Electronics Component Manufacturing Scheme (ECMS), as announced on Friday, December 29, 2023. this brings the total number of companies approved under the scheme to 46, representing a combined investment of ₹54,567 crore. The approvals signal a strong commitment to bolstering domestic electronics production and reducing reliance on imports.
The ECMS is a key component of the Indian government’s broader “Make in India” initiative, aiming to transform the country into a global manufacturing hub. The scheme provides financial incentives to companies engaged in the manufacturing of essential electronic components.
Approved Companies and component Focus
The latest round of approvals includes a diverse range of companies, including established players and emerging manufacturers. Notable companies receiving approval include:
- TDK India: Specializes in electronic components and magnetic materials.
- BPL: A consumer electronics and appliances manufacturer.
- Wipro Hydraulics: Focuses on hydraulic components and systems.
- Motherson Electronic Components: A leading supplier of automotive components and systems.
- Tata Electronics: A subsidiary of the Tata Group, focusing on electronics manufacturing.
- Foxconn (Yuzhan Technology): A subsidiary of Foxconn, a major global electronics manufacturer.
- Samsung Display: A leading manufacturer of display panels.
- Dixon Technologies: A leading Indian electronics manufacturing services (EMS) provider.
- Hindalco Industries: An aluminum and copper manufacturing company.
These companies will focus on manufacturing a variety of crucial components, including capacitors, Lithium-ion cells for batteries, and other essential electronic parts. This diversification of component production is expected to strengthen the entire electronics supply chain within India.
DLI projects and Venture Capital Funding
In related news, Minister for Electronics and Details Technology, Ashwini Vaishnaw, stated that all projects undertaken as part of the Design-Linked Incentive (DLI) scheme will be subject to market validation. He further emphasized that financial support will be proportional to the venture capital (VC) funding secured by these projects, aligning with global norms. Every DLI project that we will take as part of the restructured scheme will be validated by the market. Beyond the initial support we provide,financing will be in proportion to VC (venture capital) funding. That is the norm globally,
Vaishnaw said.
This approach aims to ensure the viability and sustainability of DLI projects, encouraging innovation and attracting private investment. The DLI scheme incentivizes the design and development of electronic products in India.