Electronics Components Manufacturing Scheme Phase-III Strengthens India’s Import Substitution Drive
The Union government has approved the third phase of the Electronics Components Manufacturing Scheme (ECMS) with a substantial outlay of ₹41,863 crore, marking a major step in India’s strategy to deepen domestic electronics manufacturing. The decision reinforces the country’s objective of reducing import dependence, strengthening supply-chain resilience, and building a globally competitive electronics component ecosystem aligned with industrial growth and export ambitions.
Month: Current Affairs - Jan 03, 2026
Category: Indian Economy