The Electronics Components Manufacturing Scheme (ECMS) has been recently introduced by the Indian government with a substantial budget of Rs 23,000 crore. This initiative is designed to bolster the country’s domestic electronics production industry and reduce dependence on imports. The scheme places a strong emphasis on supporting firms with robust local design capabilities and high-quality standards. The primary objective of ECMS is to elevate India’s global electronics manufacturing share to 8%, thereby positioning the country as a key player in the international market. By attracting substantial investments through this scheme, the government aims to create a plethora of job opportunities and significantly enhance the overall production value of the electronics sector. This strategic move is expected to not only boost the economy but also pave the way for technological advancements and innovation in the electronics industry in India.