Electronics Components Manufacturing Scheme (ECMS) gets 75% Budget Boost to 40,000 Crore | Current Affairs | Vision IAS
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In Summary

  • Electronics production surged six-fold to ₹11.3 lakh crore (2024-25) from ₹1.9 lakh crore (2014-15).
  • Exports increased eight-fold to ₹3.27 lakh crore, creating approximately 25 lakh jobs in manufacturing.
  • The Electronics Manufacturing Ecosystem (ECMSE) aims for a $500 billion domestic ecosystem by 2030-31, complementing the India Semiconductor Mission.

In Summary

 

Electronics Sector in India

  • Electronics production grew from ₹1.9 lakh crore (2014–15) to ₹11.3 lakh crore (2024–25), a six-fold increase.
  • Electronics exports: Rose from ₹38,000 crore to ₹3.27 lakh crore, an eight-fold increase.
  • Employment: Around 25 lakh jobs created in electronics manufacturing over the past decade.

Significance of ECMS

  • Electronics manufacturing ecosystem: Helps in Building a $500 billion domestic ecosystem by 2030–31.
  • Complementing India Semiconductor Mission (ISM): To strengthen the domestic semiconductor and electronics ecosystem.
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Electronics Manufacturing Ecosystem (EME)

Refers to the comprehensive network of industries, suppliers, research institutions, and government policies that support and facilitate the production of electronic goods within a country. The goal of building a $500 billion domestic EME by 2030-31 in India aims to boost domestic production, reduce reliance on imports, and create jobs.

India Semiconductor Mission (ISM)

A strategic initiative by the Indian government to boost domestic semiconductor manufacturing, design, and R&D. It aims to position India as a global hub for semiconductor production and innovation by providing financial incentives and policy support.

Electronics Manufacturing Ecosystem

Refers to the interconnected network of industries, businesses, research institutions, and government policies that support the design, development, production, and distribution of electronic goods within a country. It aims to foster domestic capabilities and reduce reliance on imports.

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