The government has received 70 applications for its ₹23,000-crore electronics component manufacturing scheme, and a majority of the applicants are small and medium enterprises, according to Union Minister Ashwini Vaishnaw.
“The electronics component manufacturing scheme has received a tremendous response. A total of 70 applications were received within 15 days,” Mr. Vaishnaw told PTI.
The Minister did not disclose names. However, sources have said earlier that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest.
Mr. Vaishnaw said that while some of the big players have applied, there has been huge interest among small and medium players.
“80% of the applications have come from small and medium enterprises,” the minister said.
The government started accepting applications for the ₹22,805-crore electronics component manufacturing scheme (ECMS) on May 1.
The scheme aims to address the demand-supply deficit in the electronic component segment.
Demand-supply deficit
The Electronic Industries Association of India (Elcina), the country’s oldest industry body in the electronics sector, estimates that the demand-supply deficit for inputs in the electronics segment will increase to $248 billion (about ₹21 lakh crore) by 2030, which will be required to cater to a projected $500 billion in electronics production, and it would be met largely by imports in the absence of any measures from the government.
A major portion of the scheme, ₹21,093 crore, is earmarked for sub-assemblies like camera modules, multi-layered printed circuit boards (PCBs), flexible PCBs, and passive components that are fixed on the PCB by machines. A total of ₹1,712 crore has been earmarked for making parts used in sub-assemblies and capital goods used in electronics manufacturing.
The scheme classifies display modules and camera module sub-assemblies in category A , while category B products include bare components like non-surface mount devices, multi-layered printed circuit boards, lithium-ion cells for digital applications, IT hardware products, and related devices.
Published – May 18, 2025 10:58 pm IST
