New Delhi, Oct. 4 -- Launched earlier this year, the Electronics Components Manufacturing Scheme (ECMS) has drawn strong interest from domestic and global industry players, far exceeding initial targets.

According to the Ministry of Electronics and Information Technology (MeitY), the scheme has attracted 249 applications with anticipated investment commitments of Rs 1.15 lakh crore - nearly double the initial target of Rs 59,350 crore.

The scheme, approved by the Cabinet on May 1, 2025, with a fiscal outlay of Rs 22,919 crore, is expected to generate an estimated production value of Rs 10.35 lakh crore over the next six years, more than twice the targeted Rs 4.56 lakh crore.

The strong industry response is also projected to create 1.42...