India Boosts Electronics Manufacturing Scheme with ₹40,000 Crore Outlay
The Union Budget 2026–27 has increased the allocation for India's Electronics Components Manufacturing Scheme (ECMS) to ₹40,000 crore, reflecting a strong governmental push to expand domestic electronics production. India aims to position itself as a global technology leader with a $500 billion electronics ecosystem by 2030. The scheme supports local manufacturing, integration into global value chains, and job creation, thereby fostering India's emergence as a significant hub for electronics production and export.
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