Overview: The Electronics Component Manufacturing Scheme (ECMS), recently launched by India’s government with a budget of INR 229.19 billion (~$2.7 billion), is a pivotal initiative to position the country as a global hub for electronics manufacturing and achieve self-reliance in the electronics supply chain. Launched by the Ministry of Electronics and Information Technology (MeitY), the scheme spans six years from FY 2025-26 to FY 2031-32, including a one-year gestation period, and aims to strengthen India’s electronics component ecosystem by reducing import dependency and boosting domestic value addition (DVA).
This report deep-dives into the specifics while making it easier to understand the ECMS. The report details the scheme timelines, general eligibility and qualification criteria, and incentive structure, as well as incentive claims and disbursements. This report is useful for all the companies operating in the electronics component manufacturing space and want to expand their operations to India. This report also highlights how Counterpoint can help such companies, providing insights and on-ground support.
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Prachir Singh
Prachir is a Senior Research Analyst at Counterpoint Research based out of Gurgaon. In Counterpoint, he closely tracks mobile devices and ecosystem. He also tracks Emerging Tech Opportunities. He has a total of 10+ years of experience across various sectors like manufacturing, management consulting, strategy and operations. He is an engineering graduate from Indian Institute of Technology (IIT), Kharagpur.
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