The Indian government recently announced the launch of the Electronics Components Manufacturing Scheme (ECMS) with a whopping budget of Rs 23,000 crore. This initiative is geared towards bolstering domestic electronics production in the country. The scheme gives priority to companies that possess robust local design capabilities and adhere to stringent quality standards. The ultimate goal of the ECMS is to elevate India’s global electronics manufacturing share to 8 per cent, thereby attracting substantial investments that will not only create a multitude of job opportunities but also significantly enhance the overall production value in the electronics sector. The implementation of this scheme is poised to revolutionize the electronics manufacturing landscape in India, positioning the country as a key player in the global electronics market.