The Indian government has introduced the Electronics Components Manufacturing Scheme (ECMS) with a substantial budget of Rs 23,000 crore to elevate the local electronics production industry. This initiative focuses on encouraging companies with robust indigenous design capabilities and high-quality standards. The primary objective of the scheme is to elevate India’s global electronics manufacturing share to 8%, which will not only attract substantial investments but also lead to the creation of a multitude of job opportunities while bolstering the overall production value in the country.