The Indian government has recently introduced the Electronics Components Manufacturing Scheme (ECMS) with a substantial budget of Rs 23,000 crore. This initiative is designed to bolster domestic electronics production and strengthen the country’s position in the global market. The scheme places a strong emphasis on promoting companies with robust local design capabilities and high-quality standards. The primary objective of the ECMS is to elevate India’s share in global electronics manufacturing to 8 per cent, thereby attracting substantial investments, generating employment opportunities, and enhancing overall production value in the electronics sector. This move is expected to significantly contribute to the growth and development of the electronics industry in India.