India’s leading electronics manufacturers, including Dixon Technologies, Micromax, and Optiemus Electronics, are planning major investments to take advantage of the newly announced ₹22,919 crore Electronics Component Manufacturing (ECM) scheme. Each company aims to invest around ₹1,000 crore to enhance domestic production of high-value components.
A Boost for Local Manufacturing
The ECM scheme, approved by the government, aims to strengthen India’s supply chain by encouraging the production of essential sub-assemblies and components like display modules, camera units, and mechanical parts. The goal is to increase local value addition to 30-35%, aligning with global leaders like South Korea and Taiwan.
Major Players Taking the Lead
- Dixon Technologies plans an initial investment of ₹800-1,000 crore for display and camera module production by FY26, followed by mechanical components.
- Micromax is focusing on high-value parts, starting with display assembly, and is exploring joint ventures with global partners.
- Optiemus Electronics is working on securing the right technology partners and plans to enter display and mechanical components manufacturing.
Driving Economic Growth
The ECM initiative is expected to attract ₹60,000 crore in investments, boost annual turnover to ₹4.5 lakh crore, and create 100,000 direct jobs by 2030. By reducing dependence on imports, India’s electronics industry aims to compete with China and Vietnam on a global scale.
