India deepens electronics supply chain as ECMS approvals top ₹69,000 crore
India’s electronics sector is moving beyond final assembly into components, materials and capital equipment. ECMS-approved investment has crossed ₹69,000 crore, with 106 companies cleared and 38 projects already manufacturing—supporting a more localised device supply chain for retailers.
What happened
India electronics manufacturing sector · India is shifting electronics manufacturing from final assembly toward domestic components, materials and capital
Key facts
- Electronics production exceeded USD 116 billion in FY26
- Electronics exports reached USD 48 billion in FY26
- Production grew nearly 7x over the past decade
- Exports grew 11x over the past decade
- ECMS-approved investment exceeded ₹69,000 crore versus a ₹59,000 crore target
- 106 companies approved versus a target of around 60
- Nearly 75,000 direct jobs and 2.5 lakh total jobs expected
- 38 approved projects have started manufacturing
- 16 projects are under construction or installing machinery
- Electronics rose from 9th to 3rd in merchandise exports in FY26
Why this matters
The 106 approved ECMS companies create a growing target universe for supplier partnerships, vertical integration and capability acquisitions across components, materials and production equipment.