When visiting a store, you can now purchase your desired smartphone or laptop together with affordable pricing, which leaves your wallet unharmed. An electronic industry powerhouse position for India is closer than expected through its recent drive to dominate the global market for electronics.
The Indian government launched the Electronics Component Manufacturing Scheme (ECMS) as a ₹22,919 crore (~$2.7 billion) plan that started on April 8th to enhance local electronic component production. The Electronics Component Manufacturing Scheme provides support for mobile display production, battery cell manufacturing and printed circuit boards inside electronic devices. The scheme features two objectives beyond Make in India: Excel in India.
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What Makes ECMS a Big Deal?
Indian territory has always served as the production base for electronics assembly while critical parts continue arriving from foreign sources. Products become more expensive when dependency on foreign components exists, which reduces revenue profits. The ECMS organization plans to change the established norms. The scheme provides makers of electronic solutions with important discounts on both their capital investments and their operational turnover that allow them to establish operations in India effectively. The government offers to return 4% of investment amounts up to ₹250 crore per year over six years when manufacturers establish display module facilities. The initial year incentive rate amounts to 5% for camera modules. A ₹10 crore investment in equipment would generate 25% incentive rewards through the scheme.
In short, ECMS is designed to make local production not just viable, but lucrative.
Why This Means Cheaper Gadgets for You
When brands spend less on importing components, they can either increase profits—or pass on the savings to you, the customer. Union Minister Ashwini Vaishnaw believes the scheme will usher in an era of lower prices and higher domestic value addition, pushing India’s contribution to electronics manufacturing from the current 20% to potentially double that in five years.
It’s the kind of structural change that could make India not just a low-cost hub but a quality-driven export leader. And that’s exactly what the government is aiming for—not just replacing imports but competing globally with homegrown capabilities.
A Win for Jobs and the Economy
The ECMS isn’t just about gadgets. It’s about people. Meity expects to generate over 90,000 direct jobs in six years through this initiative. And since up to 5% of incentives are tied to job creation, it ensures that employment is baked into the scheme’s DNA.
Plus, with smartphone exports already topping ₹2 trillion in FY25—led by a ₹1.5 trillion contribution from iPhones—India is clearly not just assembling phones anymore. We’re making them. And soon, we could be building the brains, batteries, and eyes (camera modules!) of these devices too.
The ECMS is more than a policy—it’s a bet on India’s future as a global electronics leader. For everyday users, it could mean a future filled with affordable, high-quality gadgets that say “Made in India”—and mean it. For the industry, it’s a rallying call to build smarter, faster, and better right here at home.
So yes, cheaper gadgets might just be coming. But more importantly, India is finally setting the stage to own the tech game, one component at a time.
