The initiative is expected to generate ₹4.56 lakh crore in production and attract ₹59,350 crore in investments, while creating 91,600 direct jobs and many more indirect employment opportunities.
Industry leaders have welcomed the move, calling it a transformational push for India’s electronics sector. The scheme includes employment-linked incentives, capital support, and incremental turnover-linked incentives, with a strong focus on deepening value addition and integrating with global supply chains.
ICEA: ‘A new era for electronics manufacturing’
Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), hailed the scheme as a milestone for India’s journey towards a $500-billion electronics manufacturing and export hub.
“As we embark on the road to build a $500-billion mission, it is critical to build a sustainable and competitive electronics manufacturing ecosystem,” he said, adding, “We are deeply grateful to the Ministry of Electronics & IT (MeitY) for its leadership in creating an exceptional scheme that will create jobs, expand MSME participation, and increase value addition in the electronics sector. This announcement ushers in a new era and represents the PM’s vision to transform India.”
Mohindroo highlighted that India’s domestic electronics production has surged 400% in the last decade to an estimated $135-140 billion. He added that the PLI scheme would catalyse deeper integration with global value chains (GVCs), boost large-scale manufacturing, and create significant employment.
Ajai Chowdhry: ‘Much-needed boost for value addition’
Dr Ajai Chowdhry, Founder of HCL and Chairman of EPIC Foundation, welcomed the long-awaited scheme, emphasising its impact on India’s electronics ecosystem.
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“The much-awaited Electronics Components Manufacturing Scheme was announced today by Minister Ashwini Vaishnaw. We have been requesting this for a long time. This will enable much higher value addition in the country and attract more investments in system products,” he noted.
Chowdhry also stressed that local component availability will support ‘just-in-time’ manufacturing, making India a hub for electronics product development.
‘A milestone in India’s self-reliance journey’
Josh Foulger, President (Electronics) at Zetwerk, called the approval of the scheme a “commendable step towards strengthening India’s electronics manufacturing ecosystem.”
“By encouraging domestic production and fostering innovation, this initiative will position India as a key player in the global supply chain. We are excited to be part of the ESDM 2.0 journey — a half-a-trillion-dollar opportunity,” Foulger said.
He added that the scheme’s focus on increasing local value addition would enhance India’s competitiveness, create jobs, and drive long-term growth in the sector.
‘A timely push for India’s electronics sector’
A. Gururaj, Managing Director of Optiemus Electronics, welcomed the scheme, calling it a crucial step in strengthening India’s electronics ecosystem.
“The Government’s decision to approve the Electronics Component Manufacturing Scheme is a welcome move and will act as a strong impetus for the industry. This comes at an opportune time, as India has significantly evolved its electronics manufacturing capabilities, and the next phase of growth hinges on a robust component ecosystem.”
He added that the scheme has the potential to boost India’s trade balance, create employment, and deepen domestic manufacturing. “It will not only benefit the entire industry but also position India as a key player in global electronics manufacturing. Optiemus is committed to this growth by advancing the production of critical components like display modules, camera modules, and mechanics in collaboration with leading global suppliers.”
