Electronics Sector Applauds Government's Initiative on Design and Quality Under ECMS
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New Delhi, March 30 (NationPress) Industry leaders expressed their enthusiasm on Monday regarding the government's vigorous initiative to enhance design capabilities and quality benchmarks through the Electronics Component Manufacturing Scheme (ECMS), emphasizing its significance in advancing India's electronics ambitions.
During an event organized by the India Cellular and Electronics Association (ICEA) to celebrate the fourth round of ECMS approvals, industry stakeholders remarked that the ECMS reflects a transition from policy aspirations to tangible implementation.
ICEA Chairman Pankaj Mohindroo highlighted that the increased funding under ECMS demonstrates the government's dedication to fostering a strong electronics ecosystem.
He further noted that a methodical reopening of the scheme would facilitate the growth of component manufacturing and enhance domestic value addition.
"A measured reopening of the scheme is essential for developing critical component capabilities and increasing domestic value addition," Mohindroo emphasized.
He urged that original equipment manufacturers and system companies need to actively utilize components that are "Designed and Made-in-India," stressing that fostering demand is just as crucial as ensuring supply.
Industry leaders also pointed out that India has become a viable and attractive destination for electronics system design and manufacturing.
According to Ashok Chandak, President of IESA, "The ECMS is instrumental in closing significant gaps in the value chain by facilitating component-level manufacturing, which is vital for capturing greater value and establishing resilience."
He mentioned that these investments are anticipated to create over 14,000 jobs and generate production worth ₹84,515 crore, underscoring the significant momentum being developed under the scheme.
As of now, 75 applications from 12 states across 23 product categories have received approval, including sectors such as lithium-ion cells, flexible PCBs, connectors, and display modules.
The projects are distributed across eight states, with Karnataka and Maharashtra leading in the number of projects.
Data presented at the event revealed that approved investments have surpassed ₹61,000 crore, exceeding the initial target of ₹59,350 crore.
The scheme is projected to yield production exceeding ₹4.5 lakh crore and to create more than 65,000 jobs, steadily progressing towards its overall objectives.