Finance minister (FM) Nirmala Sitharaman on February 1 proposed to increase the outlay of the existing Electronics Component Manufacturing Scheme (ECMS) to INR 40,000 Cr. The proposed corpus is 75% higher than the scheme’s current outlay of INR 22,919 Cr.  FM Sitharaman also noted that the increased outlay would look to “capitalise” on the growing commitments under the scheme. “The Electronics Components Manufacturing Scheme, launched in April 2025 with an outlay of INR 22,919 Cr, already has investment commitments at double the target. We propose to increase the outlay to INR 40,000 Cr to capitalise on the momentum,” said FM Sitharaman in her Budget speech. It is pertinent to note that the Centre has received investment proposals to the tune of INR 1.15 Lakh Cr under the initiative, nearly double compared to the scheme’s original target of INR 59,350 Cr. Previously, IT minister Ashwini Vaishnaw said that the government has received production estimates to the tune of INR 10.34 Lakh Cr against the set target of INR 4.5 Lakh Cr under the scheme. As per the government’s estimates, the scheme is projected to generate 1.41 Lakh jobs. Approved by the Union cabinet in March last year and notified in April,…  ​Read MoreInc42 Media

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