The Ministry of Electronics and Information Technology (MeitY) on Monday (November 17, 2025) announced the approval of seventeen new projects under the Electronics Component Manufacturing Scheme (ECMS), where firms will receive incentive payouts pegged to their turnover. The projects have a cumulative proposed value of ₹7,172 crore. This is the second tranche of announcements, after seven projects were announced earlier this month.

“The basic objective [of the ECMS] is really to deepen the value chain in India,” IT Secretary S. Krishnan said, “to ensure that more electronics manufacturing takes place in India in terms of components so that with a deepened value chain, even as a part of a global value chain  … we have deep enough roots that tomorrow if even our labour costs rise, it’s not as if the industry will move out. We have an innate and inbuilt competitiveness.”

Nine of the approved projects will manufacture multi-layered printed circuit boards (PCBs), three will manufacture camera modules for phones and other devices, two will manufacture optical transceivers (used in data centres and telecom networks to interface between fiber optic cables and connected hardware) and the other components to be manufactured in one project each are connectors, oscillators, enclosures.