New Delhi, Oct 2 (NationPress) The government has successfully garnered 249 applications under the Electronics Component Manufacturing Scheme (ECMS), encompassing a diverse array of products including printed circuit boards (PCBs) and sub-assemblies for electronic devices, as announced by the Ministry of Electronics and Information Technology on Thursday.

This remarkable response underscores the escalating enthusiasm of companies eager to enhance India’s electronics manufacturing landscape.

Although IT Minister Ashwini Vaishnaw refrained from naming the companies that submitted applications, he noted that several firms have sought incentives for various component types.

The highest number of applicants was observed for electro-mechanicals and multi-layer PCBs, attracting 87 and 43 companies, respectively.

One applicant alone pledged an investment of approximately Rs 22,000 crore.

The government is also poised to promote material production as part of the forthcoming second phase of the India Semiconductor Mission, which is presently in development.

While the application window has closed for most products, submissions for capital goods, including heavy manufacturing equipment, will remain open until April 2027 due to the requisite time for establishing such facilities.

IT Secretary S. Krishnan announced that incentives will be allocated on a “first come, first served” basis.

“Given the interest shown in the scheme — a total of 249 applications for manufacturing everything from printed circuit boards (PCBs) to various sub-assemblies in electronic goods,” Krishnan stated.

“The government will distribute funds in a ‘first come, first served’ manner, prioritizing companies that can effectively launch their products into the market,” he added.

The Ministry has commenced reviewing the applications and aims to expedite the approval process.

“Application review has begun, and the Ministry will expedite the approval process,” Krishnan confirmed.

Introduced in April as part of the India Semiconductor Mission, the ECMS boasts a financial allocation of Rs 22,919 crore.

This initiative offers output- and employment-linked incentives to selected applicants, focusing on promoting the production of electronic components rather than merely finished products and semiconductor fabrication, thereby strengthening India’s electronics manufacturing value chain.