Presenting her ninth straight Union Budget in Parliament on February 1, 2026, Finance Minister Nirmala Sitharaman unveiled a strong push to reinforce India’s electronics manufacturing ecosystem, announcing a sharp increase in funding for the Electronics Component Manufacturing Scheme (ECMS) to Rs 40,000 crore. The decision highlights the government’s broader strategy to move India’s electronics sector beyond final-stage assembly and develop a stronger, more self-reliant domestic supply chain. The ECMS was rolled out on May 1, 2025 with an initial financial allocation of Rs 22,919 crore and targeted investment commitments of Rs 59,350 crore. While the application window was originally open for three months from May 1, 2025, it was later extended until September 30, 2025. During this period, the scheme received 249 applications, with proposed investments amounting to Rs 1.15 lakh crore. To date, 46 projects have been approved under the scheme, attracting cumulative investments of Rs 54,567 crore. These projects are expected to create direct employment for more than 51,000 people and are spread across 11 states, including Rajasthan, Jammu & Kashmir, Uttar Pradesh, Gujarat, Andhra Pradesh, Tamil Nadu, Haryana, Maharashtra, Goa, Karnataka and Madhya Pradesh. Industry leaders note
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Anamika Mishra,
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