Government launches Rs 23,000 crore Electronics Components Manufacturing Scheme to boost domestic production and create jobs.
The Indian government recently unveiled the Electronics Components Manufacturing Scheme (ECMS), allocating a substantial budget of Rs 23,000 crore to ramp up domesti
The Indian government recently unveiled the Electronics Components Manufacturing Scheme (ECMS), allocating a substantial budget of Rs 23,000 crore to ramp up domestic electronics production. This initiative places a premium on companies with robust local design capabilities and high-quality standards. The primary objective of the scheme is to elevate India's worldwide electronics manufacturing contribution to 8 per cent, enticing substantial investments that will translate into job creation and a considerable surge in production value.