The Ministry of Electronics & Data Know-how on Saturday launched pointers and launched the portal of the brand new Electronics Parts Manufacturing Scheme.
With an authorized outlay of Rs 22,919 crore for a interval of six years from FY26 to FY32, the scheme boasts of attracting over Rs 55,000 crore in investments into the Indian manufacturing business.
The ECMS scheme geared toward encouraging digital part gamers to assemble and produce show modules, digital camera modules, multi-layer Printed Circuit Boards, Li-ion cells for digital utility. It is going to be open to purposes for 11 varieties of parts beneath phase A,B,C and D of the scheme. The appliance window will likely be opened from Could 1, 2025, by means of its on-line portal www.ecms.meity.gov.in.
With this transfer, the Ministry of Electronics & IT goals to develop a strong part manufacturing ecosystem and put India on the World Worth Chain map.
With the brand new ECMS scheme, India can scale it is world manufacturing functionality from 3% to eight% in subsequent six years, in line with folks aware of the matter.
Business gamers akin to Dixon Applied sciences India Ltd. are wanting on the manufacturing scheme as a possibility with nice potential. “Dixon has current play in gadgets manufacturing, will likely be evaluating three extra classes to enter into,” stated Atul Lall, vice chairman and managing director, Dixon Tech.
“Scheme will profit a number of sectors together with car, aerospace, and extra and India is on observe to realize goal of 8% world manufacturing functionality in subsequent few years,” he stated.
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