The initiative is expected to generate ₹4.56 lakh crore in production and attract ₹59,350 crore in investments, while creating 91,600 direct jobs and many more indirect employment opportunities.
Industry leaders have welcomed the move, calling it a transformational push for India’s electronics sector. The scheme includes employment-linked incentives, capital support, and incremental turnover-linked incentives, with a strong focus on deepening value addition and integrating with global supply chains.
ICEA: ‘A new era for electronics manufacturing’
Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA), hailed the scheme as a milestone for India’s journey towards a $500-billion electronics manufacturing and export hub.
“As we embark on the road to build a $500-billion mission, it is critical to build a sustainable and competitive electronics manufacturing ecosystem,” he said, adding, “We are deeply grateful to the Ministry of Electronics & IT (MeitY) for its leadership in creating an exceptional scheme that will create jobs, expand MSME participation, and increase value addition in the electronics sector. This announcement ushers in a new era and represents the PM’s vision to transform India.”
Mohindroo highlighted that India’s domestic electronics production has surged 400% in the last decade to an estimated $135-140 billion. He added that the PLI scheme would catalyse deeper integration with global value chains (GVCs), boost large-scale manufacturing, and create significant employment.
Ajai Chowdhry: ‘Much-needed boost for value addition’
Dr Ajai Chowdhry, Founder of HCL and Chairman of EPIC Foundation, welcomed the long-awaited scheme, emphasising its impact on India’s electronics ecosystem.
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“The much-awaited Electronics Components Manufacturing Scheme was announced today by Minister Ashwini Vaishnaw. We have been requesting this for a long time. This will enable much higher value addition in the country and attract more investments in system products,” he noted.
Chowdhry also stressed that local component availability will support ‘just-in-time’ manufacturing, making India a hub for electronics product development.
‘A milestone in India’s self-reliance journey’
Josh Foulger, President (Electronics) at Zetwerk, called the approval of the scheme a “commendable step towards strengthening India’s electronics manufacturing ecosystem.”
“By encouraging domestic production and fostering innovation, this initiative will position India as a key player in the global supply chain. We are excited to be part of the ESDM 2.0 journey — a half-a-trillion-dollar opportunity,” Foulger said.
He added that the scheme’s focus on increasing local value addition would enhance India’s competitiveness, create jobs, and drive long-term growth in the sector.
