India Approves ₹418.63 Billion ($4.64bn) ECMS Package to Localize Electronics Component Ecosystem

In a decisive move to transform India into a global electronics hub, the Government of India has approved ₹418.63 billion (approximately $4.64 billion) under the Electronics Component Manufacturing Scheme (ECMS). This major fiscal outlay builds upon the momentum of 2025 approvals and specifically targets the deep localization of sub-assemblies and components. By providing significant financial incentives to both domestic and international manufacturers, the government aims to drastically reduce reliance on imports—particularly from China—and strengthen the “Make in India” value chain for smartphones, laptops, and automotive electronics.