Government launches Rs 23,000 crore scheme to boost domestic electronics manufacturing, target 8% global share.
The Electronics Components Manufacturing Scheme (ECMS) has been initiated by the Indian government with a budget of Rs 23,000 crore to bolster the production of elec
The Electronics Components Manufacturing Scheme (ECMS) has been initiated by the Indian government with a budget of Rs 23,000 crore to bolster the production of electronic goods within the country. This scheme specifically targets companies with robust local design capabilities and high-quality standards. The primary objective of the ECMS is to elevate India's global share in electronics manufacturing to 8 per cent, while also enticing substantial investments that will result in the creation of a multitude of job opportunities and an overall increase in production value.