The Secretary of the Ministry of Electronics and Information Technology (MeitY), S. Krishnan, recently highlighted that the remarkable response to the Electronics Components Manufacturing Scheme (ECMS) signifies a robust confidence within the industry regarding India’s policy framework and the government’s capability to implement extensive industrial initiatives.
In a statement to ANI on Thursday, Krishnan noted, “We are pleased to share that the total number of applications submitted and the level of investment pledged under this scheme has nearly doubled compared to our initial targets.”
Initially, the scheme aimed for an investment exceeding Rs 59,000 crore, yet the final proposals have soared to approximately Rs 1.18 lakh crore. Furthermore, production targets have been surpassed significantly, indicating a successful rollout of the initiative.
Approved by the Union Cabinet in April 2025, the ECMS was opened for applications, with the deadline set for September 30. Krishnan remarked, “Our initial production base target was around Rs 2.12 lakh crore, but we are now looking at a total production figure that exceeds Rs 4.5 lakh crore.”
Describing the response as overwhelming, he emphasized that the substantial interest from the industry reflects a growing trust in India’s policy environment. “This demonstrates the confidence that stakeholders have in the government’s policies, along with the stability of those policies and the execution of initiatives like this one,” he remarked.
Krishnan also pointed out that this enthusiasm showcases the faith both domestic and international investors have in India’s growth trajectory and their willingness to invest in the electronics manufacturing sector.
When pressed on potential challenges faced by the industry, Krishnan conceded that maintaining competitiveness remains a persistent concern. “The industry is always under pressure to be globally competitive, which necessitates that we get everything right,” he elaborated.
He underscored the importance of having the right policies in place and establishing an enabling ecosystem to facilitate manufacturing growth. Despite acknowledging these hurdles, he expressed optimism regarding the significant level of investment committed, suggesting that it indicates a collective belief among companies that India can navigate and overcome these challenges.
“The readiness of investors to make substantial commitments reflects their confidence that any existing challenges can be addressed and that India is an attractive place for manufacturing,” he stated.
Discussing advancements in the semiconductor sector, Krishnan revealed that the Semicon India program has successfully allocated its intended funding. “We have approved a total of 10 investment schemes, with an additional three recently cleared. In total, 13 schemes have been approved for investment,” he shared.
He added that nearly all investable resources under the Semicon scheme, amounting to Rs 76,000 crore, have now been allocated, emphasizing that “almost the entire amount is committed.” He confirmed that the ministry is moving forward with a second phase of the semiconductor initiative.
He also highlighted the international collaboration supporting India’s ambitions in semiconductor manufacturing, noting that the country is engaged in several global partnerships. “We have established meaningful MOUs, including a TRUST agreement with the United States, a TSI agreement with the United Kingdom, and semiconductor MOUs with both the European Union and Japan,” he stated.
In closing, Krishnan expressed confidence in the backing of India’s foreign partners in achieving the goal of self-reliance in semiconductor production. “Our international allies are standing with us on our journey to manufacture semiconductors within India,” he concluded.
