Next ECMS tranche likely in August, to target rare earths, components

Government officials anticipate announcing the next wave of Electronic Component Manufacturing Scheme (ECMS) beneficiaries next month. The focus will be on domestic production of crucial upstream components and high-precision equipment. Firms investing in design capabilities are being prioritized, following a directive to ensure deeper value chain integration. The scheme has already attracted significant investment proposals, aiming to boost India's electronics manufacturing ecosystem and job creation.