The Indian government has recently introduced the Electronics Components Manufacturing Scheme (ECMS), allocating a substantial budget of Rs 23,000 crore towards fostering the growth of domestic electronics production. The initiative places a strong emphasis on supporting companies with robust local design capabilities and high-quality standards. With the primary goal of elevating India’s global electronics manufacturing market share to 8 per cent, the scheme also seeks to draw substantial investments into the sector, consequently generating a multitude of employment opportunities and elevating the overall production value. This strategic move underscores the government’s commitment to bolstering the country’s electronics manufacturing ecosystem and positioning India as a significant player in the global market.