Why in the News?
The Ministry of Electronics and Information Technology approved 22 additional projects under the Electronics Components Manufacturing Scheme involving an investment of ₹41,863 crore.
About Electronics Components Manufacturing Scheme
- A flagship incentive scheme to promote domestic manufacturing of electronic components, sub assemblies and capital equipment
- Implemented by the Ministry of Electronics and Information Technology
- Aims to reduce import dependence in India’s electronics sector
Target Segments
- Printed Circuit Boards, Camera modules, Copper clad laminates, Polypropylene films and Electronics capital equipment.
Performance Linked Features
- Incentives linked to incremental production
- Employment generation based payouts
- Early movers receive higher benefits
Strategic Manufacturing Targets
- 100 percent domestic demand for copper clad laminates
- 20 percent domestic demand for printed circuit boards
- 15 percent domestic demand for camera modules
Ecosystem Linkages
- Complements Production Linked Incentive Scheme for Electronics
- Supports India Semiconductor Mission
- Strengthens the electronics manufacturing ecosystem
Prelims Pointers
- ECMS focuses on electronics components rather than finished products
- Copper clad laminates are critical for PCB manufacturing
- Scheme uses performance based incentives
- Electronics manufacturing is a priority sector under Atmanirbhar Bharat
| [2023] Consider the following statements:
Statement-I: India accounts for 3.2% of global exports of goods. Statement-II: Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Production-linked Incentive’ scheme. Which one of the following is correct in respect of the above statements? (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I (b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I (c) Statement-I is correct but Statement-II is incorrect (d) Statement-I is incorrect but Statement-II is correct |
