Jobs Coming: Government Notifies INR 22,919 Crore Electronics Components Manufacturing Scheme to Strengthen India As Global Hub for Manufacturing, Create Jobs

New Delhi, April 9: As smartphone exports surpassed Rs 2 lakh crore in FY25, with iPhones alone accounting for approximately Rs 1.5 lakh crore, the IT Ministry has notified the Rs 22,919 crore Electronics Components Manufacturing Scheme (ECMS), marking a significant step towards strengthening India슬롯사이트�s position as a global hub for electronics manufacturing.

According to Union Minister Ashwini Vaishnaw, the notification of the Electronics Components Manufacturing Scheme, is in continuation of the recent Cabinet decision. 슬롯사이트�Our government has always been open-minded, consultative, and inclusive. We take everyone슬롯사이트�s views into account before finalising any law or policy,슬롯사이트� he said.슬롯 머신 사이트 추천슬롯사이트�There슬롯사이트�s No Need To Retaliate With Tariffs, Which Hurts Themselves슬롯사이트�, Says Economist Peter Schiff to China as US Tariffs War Escalates With Country.

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Over the past decade, electronics production has grown five-fold and exports have grown more than six-fold, with export CAGR exceeding 20 per cent and production CAGR over 17 per cent. 슬롯사이트�Within a short time, the electronics manufacturing ecosystem 슬롯사이트� comprising component manufacturers and a diverse range of players 슬롯사이트� has developed substantially. Today, there are more than 400 production units, both big and small, manufacturing a variety of components,슬롯사이트� said Vaishnaw.

Reflecting global industry trends, the Union Minister said that India슬롯사이트�s journey in electronics manufacturing has evolved through distinct phases 슬롯사이트� beginning with finished goods, progressing to sub-assemblies, and now entering the critical phase of deep component manufacturing. The sector is steadily advancing into this third phase, which marks a significant leap in value addition, self-reliance, and ecosystem depth.

Outlining the structure of the scheme, the minister said that it is designed as a horizontal initiative with benefits spanning multiple sectors such as consumer electronics, medical devices, automobiles, power electronics, and electrical grids, thereby creating a strong multiplier effect across the economy.

The scheme focuses particularly on passive electronic components, which will be supported under the new initiative. In contrast, active components fall under the purview of the India Semiconductor Mission (ISM). The indicative list of passive components includes resistors, capacitors, connectors, inductors, speakers, relays, switches, oscillators, sensors, films, lenses, and many more슬롯사이트�underscoring the depth and breadth of the scheme.슬롯 머신 사이트 추천US Tariffs: Donald Trump Imposes 104% Tariff on China; Effective Midnight, Says White House.

The scheme will also support the design and manufacturing of capital equipment used in electronics production. Employment generation will be a mandatory requirement for all applicants, including both component manufacturers and capital equipment producers.

(The above story first appeared on LatestLY on Apr 09, 2025 09:45 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).