Cabinet Approves Rs 229.19 Billion ECM Scheme

29 Mar 2025 CW Team

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Electronics Component Manufacturing Scheme with a funding of Rs 229.19 billion to strengthen India’s electronics supply chain and promote self-reliance (Atmanirbhar Bharat) in the sector.

Objective & benefits

The scheme aims to build a robust component ecosystem by attracting global and domestic investments, increasing domestic value addition (DVA), and integrating Indian manufacturers into global value chains (GVCs). It is expected to generate:

• Rs 593.5 billion in investments

• Rs 4,565 billion in production output

• 91,600 direct jobs, along with significant indirect employment opportunities

Key features of the scheme

• Targeted incentives: Custom-designed incentives for different component categories and sub-assemblies to help Indian manufacturers achieve technological capabilities and economies of scale.

• Six-year duration: The scheme will run for six years, with a one-year gestation period.

• Employment-linked incentives: A portion of the incentive is tied to job creation targets.

Industry growth & background

The electronics sector is among the fastest-growing industries globally and is critical to economic and technological advancement. Over the past decade, India’s electronics manufacturing sector has witnessed remarkable growth:

• Domestic production surged from Rs 1.90 trillion (FY 2014-15) to Rs 9.52 trillion (FY 2023-24), growing at a CAGR of over 17%.

• Electronics exports increased from Rs 0.38 trillion (FY 2014-15) to Rs 2.41 trillion (FY 2023-24), with a CAGR exceeding 20%.

The scheme is set to accelerate India’s emergence as a global hub for electronics manufacturing, ensuring a stronger, more self-sufficient supply chain.

(PIB)

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..