+
Vaishnaw Launches Portal for Electronics Component Manufacturing
ECONOMY & POLICY

Vaishnaw Launches Portal for Electronics Component Manufacturing

Union Minister Ashwini Vaishnaw has launched the guidelines and online portal for the Electronics Component Manufacturing Scheme (ECMS), aiming to bolster India's position as a global electronics hub. Highlighting India's progress from assembling finished products to manufacturing critical components and materials, Vaishnaw stressed the need for Six Sigma quality standards and stronger in-house design capabilities.

India’s electronics production has jumped fivefold over the past decade, with exports growing over six times, driven largely by sectors like mobile phones, laptops, and IT hardware. ECMS is designed as a horizontal scheme, supporting not just electronics but also sectors like industrial, power, and automotive.

A key announcement included Sarvam AI being selected to develop India’s first indigenous AI foundational model, underlining the government’s push towards tech-driven innovation.

The event saw strong participation from government officials, industry leaders, and embassy representatives. ECMS was praised for its hybrid incentive structure — offering turnover- and capex-linked incentives — and for simplifying guidelines to enhance ease of doing business.

The Rs 229.19 billion scheme will run for 6 years, aiming to boost domestic value addition, strengthen supply chains, and integrate Indian manufacturers into global value chains. Applications for ECMS will open on May 1, 2025, via the new portal.

Union Minister Ashwini Vaishnaw has launched the guidelines and online portal for the Electronics Component Manufacturing Scheme (ECMS), aiming to bolster India's position as a global electronics hub. Highlighting India's progress from assembling finished products to manufacturing critical components and materials, Vaishnaw stressed the need for Six Sigma quality standards and stronger in-house design capabilities.India’s electronics production has jumped fivefold over the past decade, with exports growing over six times, driven largely by sectors like mobile phones, laptops, and IT hardware. ECMS is designed as a horizontal scheme, supporting not just electronics but also sectors like industrial, power, and automotive.A key announcement included Sarvam AI being selected to develop India’s first indigenous AI foundational model, underlining the government’s push towards tech-driven innovation.The event saw strong participation from government officials, industry leaders, and embassy representatives. ECMS was praised for its hybrid incentive structure — offering turnover- and capex-linked incentives — and for simplifying guidelines to enhance ease of doing business.The Rs 229.19 billion scheme will run for 6 years, aiming to boost domestic value addition, strengthen supply chains, and integrate Indian manufacturers into global value chains. Applications for ECMS will open on May 1, 2025, via the new portal.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code