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The government had recently cleared 22 new proposals under the Electronics Component Manufacturing Scheme (ECMS) involving Rs 41,863 crore in investment, with projected production of Rs 2.58 lakh crore and 33,791 direct jobs, marking the largest tranche of approvals under the scheme so far.
Budget
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Moneycontrol•01-02-2026, 11:27

Electronics Manufacturing Stocks Soar as FM Boosts Outlay to Rs 40,000 Crore in Budget 2026

  • •Electronics Component Manufacturing stocks surged on February 1 after FM Nirmala Sitharaman announced an increased outlay for the sector.
  • •The government proposes to raise the scheme's outlay to Rs 40,000 crore, up from the initial Rs 22,919 crore launched in April 2025.
  • •Companies like Kaynes Tech (+6.53%), Dixon Technology (+6%), and Syrma SGS Technology (+10%) saw significant gains.
  • •Recently, 22 new proposals under the ECMS were cleared, involving Rs 41,863 crore investment and projected production of Rs 2.58 lakh crore.
  • •The approvals aim to deepen domestic electronics manufacturing beyond final assembly, with major companies like Tata Electronics and Samsung Display Noida among beneficiaries.

Why It Matters: Increased government outlay and recent approvals are driving significant growth in India's electronics manufacturing sector.

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