New Delhi, Jan 2 (NationPress) The industry expressed its approval on Friday regarding the green light given to 22 new proposals as part of the third phase of the Electronics Components Manufacturing Scheme (ECMS) by the government. This decision signifies a critical turning point in India's ambition for robust manufacturing and the establishment of competitive Indian leaders in the electronics components sector.

This latest tranche elevates the total number of ECMS-endorsed projects to 46, leading to a cumulative investment surpassing Rs 54,500 crore.

Prior phases witnessed the endorsement of seven projects valued at Rs 5,532 crore on October 22, and 17 projects amounting to Rs 7,172 crore on November 17. The swift expansion across these phases highlights the strong industry reaction and increasing confidence in India's components manufacturing vision.

“The approval of the third phase under the ECMS charts a powerful new course for India’s electronics manufacturing journey. Kicking off the New Year with such substantial investments is exceedingly reassuring and delivers a clear message that India is making significant advancements towards profound, value-oriented manufacturing,” stated Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA).

The ECMS is fast-tracking the emergence of Indian leaders in components, fortifying domestic value chains and positioning India as a reliable and essential partner in global electronics supply chains.

“This momentum reflects robust global confidence in India's policy direction and reinforces our collective commitment to cultivating a globally competitive, self-sufficient electronics ecosystem,” he added.

According to the Ministry of Electronics and Information Technology (MeitY), the 22 projects sanctioned in this latest tranche alone are anticipated to yield production worth Rs 2,58,152 crore and create 33,791 direct employment opportunities.

Significantly, this single tranche more than doubles the combined projected production value of Rs 1,09,517 crore from the first two phases, showcasing the accelerating momentum and evolving depth of India's electronics components landscape, as noted by ICEA.

The most recent approvals encompass 11 crucial product categories servicing mobile devices, telecommunications equipment, consumer electronics, vehicles, IT hardware, and strategic electronics. These comprise five core components including printed circuit boards (PCBs), capacitors, connectors, enclosures, and lithium-ion cells; three advanced sub-assemblies such as camera modules, display modules, and optical transceivers; and three essential supply-chain inputs like aluminum extrusion, anode material, and laminates.

Together, these segments address some of the most import-heavy and strategically vital aspects of the electronics value chain.

Geographically, the projects will be rolled out across eight states: Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, promoting the Government of India’s vision for balanced, nationwide growth in electronics manufacturing and resilient, distributed supply chains.

ICEA also extended its congratulations to Tata Electronics, Dixon, Motherson, ATL Battery, TDK, Yuzhan Technology (India) Private Limited, India Circuits, among others, for obtaining approvals under this tranche.