Government Clears ₹7,877 Crore for Electronics Component Manufacturing

The Ministry of Electronics and Information Technology approved 31 new applications under the ECMS 2.0 scheme on August 17, 2026, totaling ₹7,877 crore in investments.

The funding aims to bolster domestic supply chains, with major firms like Kaynes and Wipro expected to operationalize new manufacturing plants shortly.

This initiative is part of the government's broader strategy to reduce import dependency and establish India as a global hub for electronic component design.