Stock in focus: India is stepping up its push to build a domestic electronics component ecosystem, with Jyoti CNC Automation, PCBL Chemical, Acutaas Chemical, Syrma SGS Technology and Centum Electronics emerging as key names for investors to keep on their radar following fresh approvals under the government’s Electronics Component Manufacturing Scheme.
Electronics Component Manufacturing Scheme: The government has approved 31 applications involving investments of Rs 7,877 crore under the Electronics Components Manufacturing Scheme (ECMS), marking another step in India’s push to build a stronger domestic electronics component ecosystem.
According to MeitY Secretary S Krishnan, the newly approved projects are spread across 10 states and are expected to generate production worth Rs 82,243 crore and create nearly 10,000 jobs.
Electronics component manufacturing push
The latest approvals cover a broad range of products, including camera and display modules, connectors, transducers, rare-earth permanent magnets, acetylene black, optical transceivers, speakers and microphones, relays, electrolyte additives, antennas, coils, filters and capacitors.
The list also includes an enhanced investment in copper-clad laminates, a key material used in printed circuit boards.
For investors tracking the electronics manufacturing theme, several listed companies feature among the approved projects.
PCBL Chemical: Investment of around Rs 329 crore in acetylene black.
Acutaas Chemical: Around Rs 119 crore towards electrolyte additives.
These names could remain on investors’ radar as India’s electronics component manufacturing capacity expands.
ECMS approvals cross original investment target
With the latest tranche, total ECMS approvals have reached 106 applications, spanning around 30 product categories across 15 states. Cumulative approved investment has risen to Rs 69,548 crore, exceeding the scheme’s original investment target of Rs 59,350 crore. Expected production from the approved projects has also risen to Rs 5.34 lakh crore, compared with the original target of Rs 4.56 lakh crore.
The government has been accelerating the pace of approvals, with MeitY holding meetings almost every week or every 10 days amid strong industry interest. Applications under categories that remain open will continue to be accepted until July 2027, according to Krishnan.
The latest ECMS approvals underline a broader shift in India’s electronics manufacturing strategy, from assembling finished products to manufacturing modules, sub-modules and critical components domestically..
