The Ministry of Electronics and Information Technology (MeitY) on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS) — the third tranche of approvals under this scheme. These projects involve a projected investment of exactly Rs 41,863 crore, with expected production value of Rs 2,58,152 crore and the creation of approximately 33,791 direct jobs (some reports cite around 34,000–37,000 including indirect).

Speaking on the occasion, Electronics and IT Minister Ashwini Vaishnaw mentioned that the implementation as well as acceleration of major reforms are hallmarks of the government. He encouraged electronics component manufacturers to establish design teams, specifically highlighting the need for a common design ecosystem. 

Underscoring  the importance of design innovation as a foundational pillar for global competitiveness, he mentioned that proposals were made to establish common design facilities in partnership with universities, IITs or industry associations, potentially expanding existing setups like those at the Centre for Development of Advanced Computing (C-DAC) for PCB design, testing, and electromagnetic compatibility. 

Skilling emerged as another urgent focus, given the sector's massive employment potential. With 46 applications approved under the electronics component scheme involving investments of approximately Rs 55,000 crore and direct employment for over 51,000 people, the industry is on track to support close to 25 lakh total jobs (including 14-15 lakh in mobile manufacturing alone). 

Officials stressed the need for a highly structured skilling approach to meet rising demand, especially as India's young demographic (median age ~27 now, projected at 36-37 by 2047) positions the country for sustained growth long after other economies taper off. The approvals cover manufacturing of critical electronic components and sub-assemblies across 11 target segments, including those used in mobile phones, telecom equipment, consumer electronics, automotive, strategic/defence electronics, and IT hardware. 

They span eight states: Andhra Pradesh, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan. This builds on earlier tranches (e.g., 24 proposals worth Rs 12,704 crore previously approved), and participating companies include major players like Dixon Technologies, Samsung Display Noida, Foxconn (via Yuzhan Technology), Tata Electronics, Motherson, and Hindalco Industries.

The move is part of India's broader push under the ECMS (launched in 2025 with an outlay of Rs 22,919 crore) to reduce import dependence, strengthen domestic supply chains, boost high-value manufacturing, and support the goal of reaching $500 billion in electronics production by 2030–31.