The Electronics Component Manufacturing Scheme (ECMS) 2025 is a significant government initiative aimed at enhancing domestic production and exports in India’s electronics manufacturing sector. This scheme specifically targets the components and sub-assembly ecosystem, seeking to bolster India's position in the global electronics market.
ECMS 2025 has a substantial financial outlay of ₹22,919 crore, with plans for implementation over six years. This investment underscores the government's commitment to developing a robust electronics manufacturing base in the country.
The scheme is designed with several key objectives in mind:
The mobile phone manufacturing sector, which already has a solid foundation in India, is expected to derive significant benefits from ECMS 2025. The scheme will facilitate deeper production into components and sub-assemblies, thereby expanding the domestic value chain.
Integration with GVCs is crucial under ECMS 2025, as it aims to enhance scale and competitiveness. This integration will position Indian companies as strong contenders in the international electronics market, facilitating better access to global resources and markets.
Participants from the earlier Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) can also benefit under Target Segment D of ECMS 2025. This provision offers renewed opportunities for projects that were previously stalled, encouraging more robust participation in the electronics sector.
Projects recognized under the earlier scheme have received a “fresh lease of life.” This means they can now seek government support under the new ECMS framework, allowing for continuity and the revival of investments that are essential for sustaining and expanding production capabilities.
Q1. What is the primary goal of the ECMS 2025?
Answer: The primary goal of ECMS 2025 is to promote domestic production and exports in India's electronics manufacturing sector, focusing on components and sub-assemblies.
Q2. How long will the ECMS 2025 be implemented?
Answer: The ECMS 2025 will be implemented over a period of six years, with a total financial outlay of ₹22,919 crore.
Q3. Can previous scheme participants benefit from ECMS 2025?
Answer: Yes, applicants from the earlier Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) can participate under Target Segment D of ECMS 2025.
Q4. Why are Global Value Chains important for ECMS 2025?
Answer: GVCs are important as they enhance scale and competitiveness, positioning Indian companies as significant players in the global electronics market.
Q5. What advantages do earlier scheme participants receive under ECMS 2025?
Answer: Earlier scheme participants can seek government support under ECMS 2025, allowing for the revival of stalled projects and investments.
Question 1: What is the financial outlay of the ECMS 2025?
A) ₹10,000 crore
B) ₹22,919 crore
C) ₹30,000 crore
D) ₹15,500 crore
Correct Answer: B
Question 2: How long will the ECMS 2025 be active?
A) 4 years
B) 5 years
C) 6 years
D) 10 years
Correct Answer: C
Question 3: Which sector is primarily targeted under ECMS 2025?
A) Agricultural sector
B) Electronics manufacturing sector
C) Textile sector
D) Automotive sector
Correct Answer: B
Question 4: What does ECMS 2025 aim to strengthen?
A) Domestic tourism
B) Global Value Chains
C) Agricultural exports
D) Real estate investments
Correct Answer: B
Question 5: What is the significance of the integration with GVCs under ECMS 2025?
A) It reduces production costs
B) It enhances domestic tourism
C) It boosts scale and competitiveness
D) It focuses on rural development
Correct Answer: C
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