Latest news with #ElectronicsComponentManufacturingScheme
Time of India
3 days ago
- Business
- Time of India
Amber to open copper laminate plant in Mysuru for Rs 800 crore
Academy Empower your mind, elevate your skills Delhi-based publicly listed electronics maker Amber Enterprises is investing over Rs 800 crore to set up a copper laminate plant in Mysuru , sources told company is seeking 16 acres of land from Mysuru Urban Development Authority for the plant."The company has applied under the electronic component manufacturing scheme, the deadline for which has been extended till September . The investment will be Rs 800 crore to Rs 900 crore. The company is assessing the feasibility," one of the sources said. Amber Enterprises did not respond to ET's queries till press time company is already investing Rs 3,200 crore in an electronics manufacturing plant near the upcoming Noida International Airport at Jewar. Spread over 16 acres, this will manufacture high density interfaces and substances. The company intends to set up manufacturing units for printed circuit board ( PCB ) assembly, home appliances and consumer electronics here from laptops, IT hardware and semiconductors. The construction of the plant is yet to Group's subsidiary Ascent Circuits is also investing Rs 990 crore to set up a PCB manufacturing facility in Hosur , Tamil Nadu. This will produce a wide range of PCBs from single sided to complex multi-layer and specialty circuits, lighting and appliances. The company hopes to operationalise the plant in the first quarter of 2026. The plant will be spread over 12.37 acres. It will be next to Ascend Circuits, which the Amber Group ministry of electronics and information technology (MeitY) launched the Electronics Component Manufacturing Scheme in April. This initiative is designed to boost the domestic production of electronic components and sub-assemblies, aiming to position India as a key player in the global electronics value scheme offers a range of financial incentives to attract both global and domestic investments in the sector. It provides financial incentives linked to turnover, capital expenditure and incentives are applicable to several categories of electronic components like sub-assembly, bare component, selected bare component, and supply chain ecosystem and production auxiliary tools.
The Hindu
01-08-2025
- Business
- The Hindu
Andhra Pradesh govt. unveils Electronics Component Manufacturing Policy 2024–29
The government on Friday notified the Andhra Pradesh Electronics Component Manufacturing Policy (4.0) 2024–29 (ECMP) aimed at boosting manufacturing capacities in the electronics sector and establishing a robust semiconductor and display fabrication ecosystem in the State. According to a G.O. issued by Katamneni Bhaskar, Secretary (IT, Electronics & Communications), the ECMP is aligned with the Government of India's Electronics Component Manufacturing Scheme and focuses on building an electronics component manufacturing ecosystem that contributes significantly to the State's economic development. The policy seeks to integrate State-based companies into the global electronics value chain, thereby enhancing their position within the supply network. The ECMP will remain in force for five years, during which the State government will extend incentives to eligible companies, as detailed in separate operational guidelines to be notified later. The policy emphasises the development of Component Manufacturing Clusters (CMCs) with shared facilities in strategic locations such as Tirupati, Anantapur, Visakhapatnam, Kopparthy, and Nellore. These CMCs will specialise in areas like printed circuit boards, display technologies, optoelectronics, and passive components. The policy also aims to enhance the Speed of Doing Business, reduce operational costs through infrastructure development, and provide ready-built factory shells and plug-and-play facilities. In addition, it targets the attraction of global anchor firms in key component segments by offering customised support packages and incentives for supply chain partners to participate in building the CMCs.
Time of India
30-07-2025
- Business
- Time of India
Deadline for ECMS applications extended to September-end: MeitY
Academy Empower your mind, elevate your skills The government has extended the application window for the Electronics Component Manufacturing Scheme (ECMS) by two months to 30 September, the ministry of electronics and information technology ( MeitY ) said on initial three-month application window for the nearly Rs 23,000 crore scheme ended on Wednesday and has already seen more than 110 applications being filed, according to sources. MeitY was planning to extend the scheme after receiving a good response from the industry, ET had reported last the decision to extend the deadline was finalised after companies had asked for the same, industry sources had Rs 22,919 crore scheme aims to establish a strong domestic manufacturing ecosystem for a range of components that are fundamental building blocks in nearly all modern electronic devices. These include bare components such as Multi-layer Printed Circuit Board (PCB) and Li-ion cells for digital applications, passive components like resistors, capacitors, and inductors, as well as display and camera module for ECMS opened for applications on May 1, a month after China imposed strict export controls and licensing requirements for rare earths, of which it controls over 90 percent of the global processing capacity and the largest in April, Union electronics and IT minister Ashwani Vaishnaw had said ECMS will serve as a horizontal scheme that will support not just electronics but also the industrial, power, and automobile sectors and more during the launch of the application government aims to attract investments worth Rs 59,350 crore, production worth Rs 456,500 crore, and direct employment of 91,600 persons. This offers a flexible incentive structure that can be production-linked (turnover-linked), capex-linked, or a hybrid of both. Incentives are to be paid progressively over six years, running from 2025-26 to ECMS is the successor of the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) launched in 2020, which provided a 25 percent capital subsidy for investments in the manufacturing of electronic components, semiconductors, specialised sub-assemblies, and capital goods.
Economic Times
30-07-2025
- Business
- Economic Times
Deadline for ECMS applications extended to September-end: MeitY
Agencies The government has extended the application window for the Electronics Component Manufacturing Scheme (ECMS) by two months to 30 September, the ministry of electronics and information technology (MeitY) said on Wednesday. The initial three-month application window for the nearly Rs 23,000 crore scheme ended on Wednesday and has already seen more than 110 applications being filed, according to sources. MeitY was planning to extend the scheme after receiving a good response from the industry, ET had reported last week. However, the decision to extend the deadline was finalised after companies had asked for the same, industry sources had said. The Rs 22,919 crore scheme aims to establish a strong domestic manufacturing ecosystem for a range of components that are fundamental building blocks in nearly all modern electronic devices. These include bare components such as Multi-layer Printed Circuit Board (PCB) and Li-ion cells for digital applications, passive components like resistors, capacitors, and inductors, as well as display and camera module sub-assemblies. Applications for ECMS opened for applications on May 1, a month after China imposed strict export controls and licensing requirements for rare earths, of which it controls over 90 percent of the global processing capacity and the largest reserves. Back in April, Union electronics and IT minister Ashwani Vaishnaw had said ECMS will serve as a horizontal scheme that will support not just electronics but also the industrial, power, and automobile sectors and more during the launch of the application window. The government aims to attract investments worth Rs 59,350 crore, production worth Rs 456,500 crore, and direct employment of 91,600 persons. This offers a flexible incentive structure that can be production-linked (turnover-linked), capex-linked, or a hybrid of both. Incentives are to be paid progressively over six years, running from 2025-26 to ECMS is the successor of the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) launched in 2020, which provided a 25 percent capital subsidy for investments in the manufacturing of electronic components, semiconductors, specialised sub-assemblies, and capital goods. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Regulators promote exchanges; can they stifle one? Watch IEX Jane St: How an options trader smelt a rat when others raised a toast TCS job cuts may not stop at 12,000; its bench policy threatens more From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt Stock Radar: SBI Life rebounds after testing 50-DEMA; could hit fresh record highs above Rs 2,000 – check target & stop loss These 10 banking stocks can give more than 25% returns in 1 year, according to analysts Two Trades for Today: A metals stock for an over 6% gain, a large-cap chemicals maker for about 7% upmove F&O Radar| Deploy Broken Wing in LIC Housing Finance to benefit from bearish outlook
Time of India
26-07-2025
- Business
- Time of India
Rare earth supply risk: Indian electronics firms worried as Chinese curbs may hit; but can Beijing also afford this?
This is an AI-generated image, used for representational purposes only. A number of applicants under India's Electronics Component Manufacturing Scheme (ECMS) have flagged concerns over meeting their first-year production targets due to ongoing shortages of rare earth minerals. According to ET, at least 10 companies have raised the issue with the ministry of electronics and information technology (MeitY), warning that if the shortage continues for another six months, they may not be able to meet the incentive-linked thresholds. The rare earth scarcity stems from export restrictions imposed by China, which controls more than 90% of global rare earth processing. China introduced special licensing requirements for seven rare earth elements and associated magnets from April 4 this year, leading to supply disruptions across key industries. These include electronics, automobiles, and clean energy technologies. "Companies have expressed concern, but within the sector, it isn't an alarming outcry," an official aware of the matter was quoted as saying by ET. 'If there is a component that uses rare earth, instead of importing that rare earth and making that component in India, they will simply import that component.' While firms are exploring alternatives, such as sourcing from different suppliers or shifting to rare-earth-free technologies, the timing has been challenging, particularly for those scaling up manufacturing for exports. 'The ECMS has been unveiled at a time when many entities want to scale up and take advantage of exports,' said Ashok Chandak, president of the India Electronics and Semiconductor Association (IESA), as quoted by ET. He added that supply shocks in rare earth magnets have hit the sector hard. The Rs 22,919 crore ECMS, launched in May, seeks to build a robust domestic ecosystem for electronic components like multi-layer PCBs, lithium-ion cells, resistors, capacitors, display and camera modules. PCBs have attracted particular attention from applicants, according to KS Babu, secretary of the Indian Printed Circuit Association (IPCA), who noted that the scheme addresses both multi-layer and high-density interconnect boards. However, he also pointed out that local production of key inputs like copper-clad laminates is still missing. 'Chinese suppliers are now taking advantage by squeezing prices, citing problems with shipments,' Babu said, as per ET. The scheme, effective from FY26 through FY32, includes a one-year gestation period. However, manufacturers, particularly MSMEs, have sought quicker access to incentives to recover their investments. A Delhi-based PCB maker was cited by ET saying that the government has informally assured leniency during the verification and claims process. Responding to industry requests, MeitY will extend the ECMS application window beyond July 31, as confirmed by officials. Many small firms are still finalising their sourcing channels, joint ventures, and tech partnerships. In a written reply to the Rajya Sabha, minister of state for commerce and industry Jitin Prasada noted that the export restrictions on rare earth magnets have led to supply chain bottlenecks for auto and electronics sectors. However, the ministry has not received specific reports of cost escalation or project delays from industry hubs in Maharashtra, as per news agency PTI. Despite the disruption, industry leaders remain hopeful. 'China also can't afford to continue an export ban for long, since their companies will begin bleeding and it will place a long term strain on their relations with many countries,' Chandak said, as per ET. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
