Union Budget 2026: Electronics Manufacturing Gets Rs 40,000-Crore Boost
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Firstpost•01-02-2026, 11:27
Union Budget 2026: Electronics Manufacturing Gets Rs 40,000-Crore Boost
- •Finance Minister Nirmala Sitharaman announced a significant increase in the outlay for the Electronics Component Manufacturing Scheme (ECMS) to Rs 40,000 crore.
- •The ECMS, notified by MeitY on April 8, 2025, originally had an outlay of Rs 22,919 crore over six years.
- •The scheme aims to build a robust electronics component ecosystem in India by offering incentives across 11 key segments, including PCBs, capacitors, and display modules.
- •The enhanced allocation seeks to boost domestic value addition, attract new investments, and integrate Indian manufacturers into Global Value Chains (GVCs).
- •Industry experts believe the expanded outlay will reduce import dependence, strengthen supply chains, and position India as a global electronics manufacturing hub.
Why It Matters: India's electronics manufacturing receives a major Rs 40,000-crore boost to reduce imports and become a global hub.
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