2 hrs ago
India Targets $500 Billion Electronics Ecosystem Through ECMS Expansion
India wants to make many more electronic products and parts inside the country.
It hopes this industry will be worth $500 billion by 2030.
India also wants electronics exports to reach $150 billion.
Electronics production and exports have grown substantially since 2014–15.
The government created the Electronics Component Manufacturing Scheme to support component factories.
The scheme’s funding was increased to Rs 40,000 crore.
By August 2026, 106 projects had been approved in 15 states.
These projects are expected to create many jobs and help India rely less on imported components.
India aims to build a $500 billion domestic electronics manufacturing ecosystem and achieve $150 billion in electronics exports by 2030.
Electronics production rose from Rs 1.9 lakh crore in 2014–15 to Rs 13.11 lakh crore in 2025–26.
Electronics exports increased from about Rs 38,000 crore to Rs 4.24 lakh crore over the same period.
The Electronics Component Manufacturing Scheme received a higher outlay of Rs 40,000 crore in the Union Budget 2026–27.
By August 2026, 106 projects across 15 states had been approved, with projected production of Rs 5.34 lakh crore and 74,628 direct jobs.
- Who
- The Government of India and companies involved in electronics manufacturing.
- What
- India is expanding the Electronics Component Manufacturing Scheme to build a $500 billion electronics ecosystem and reach $150 billion in exports by 2030.
- Where
- Across India, with approved projects located in 15 states.
- When
- The scheme was notified on April 8, 2025; its progress was reported as of August 2026, with targets set for 2030.
- Why
- To increase domestic component manufacturing, raise value addition, strengthen supply chains, support technological resilience and improve economic self-reliance.
Key facts
- 2030 domestic ecosystem target
- $500 billion
- 2030 electronics export target
- $150 billion
- ECMS initial outlay
- Rs 22,919 crore
- ECMS revised outlay
- Rs 40,000 crore under the Union Budget 2026–27
- Approved projects
- 106 projects across 15 states as of August 2026
- Projected production
- Rs 5.34 lakh crore
- Projected employment
- 74,628 direct jobs and 2.5 lakh indirect jobs
Quotes
Official factsheet
Government-issued factsheet describing India’s electronics manufacturing priorities
“This sustained growth has established a strong foundation for India’s electronics manufacturing ambitions. The next priority is to deepen this ecosystem through domestic component manufacturing, higher value addition and stronger supply-chain resilience.”
thehansindia.com
Sources
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