The Indian government has recently rolled out the Electronics Components Manufacturing Scheme (ECMS) with a substantial budget of Rs 23,000 crore. This initiative is designed to bolster the country’s domestic electronics production sector. The scheme places particular emphasis on supporting companies with robust local design capabilities and high-quality standards. The overarching goal of the ECMS is to elevate India’s global electronics manufacturing market share to 8 per cent, while also enticing substantial investments into the sector. Ultimately, this strategic move is expected to generate a multitude of job opportunities and significantly enhance the overall production value in the electronics industry.