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Union Finance Minister Nirmala Sitharaman connected Sunday (February 1, 2026) announced that the outlay for the Electronics Component Manufacturing Scheme (ECMS) would beryllium accrued from ₹22,805 crore to ₹40,000 crore. The outlay is being doubled adjacent arsenic the strategy “already has concern commitments astatine treble the target,” and the near-doubling of the outlay volition “capitalise connected the momentum,” she said.
The ECMS’s exertion model is unfastened until 2027 for conscionable 1 class of goods: indigenously manufactured superior machinery to marque components. The accrued outlay is apt to payment this category.
The ECMS, which provides a turnover-linked inducement payout to firms investing successful constituent manufacturing, has already been approved for investments of implicit ₹1 lakh crore successful 46 existing and greenfield manufacturing projects. Electronics manufacturing stocks reacted positively, rising 5–6% aft the announcement.
Presenting the Union Budget for 2026-27, the Finance Minister said high-tech instrumentality rooms volition beryllium established astatine 2 locations to springiness propulsion to superior goods manufacturing.
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Ms. Sitharaman besides projected a strategy for instrumentality manufacturing to make globally competitory ecosystem.
Three dedicated chemic parks volition besides beryllium acceptable up to heighten home production, trim import dependency, she added.
The determination comes amid a monolithic thrust by the authorities connected expanding electronics manufacturing successful the country.
The mobile manufacturing conception witnessed a astir 30-fold summation successful accumulation value, rising from ₹18,000 crore successful FY15 to ₹5.45 lakh crore successful FY25.
iPhone exports from India person deed ₹2.03 lakh crore successful 2025, which is astir treble that of ₹1.1 lakh crore Apple exported successful the calendar twelvemonth 2024.
Mobile telephone accumulation successful the state is expected to scope astir ₹6.76 lakh crore, comprising exports implicit $30 billion, oregon astir ₹2.7 lakh crore, by the extremity of the existent fiscal year.
As of August 2025, 10 semiconductor manufacturing and packaging projects person been approved successful the state with a cumulative concern of astir ₹1.6 lakh crore successful six states.
