Electronics Component Manufacturing stocks gain as FM announces Rs 40,000 crore outlay in Budget 2026

The government had recently cleared 22 new proposals under the Electronics Component Manufacturing Scheme (ECMS) involving Rs 41,863 crore in investment, with projected production of Rs 2.58 lakh crore and 33,791 direct jobs, marking the largest tranche of approvals under the scheme so far.

Electronic Components Manufacturing stocks gained on February 1 as FM Nirmala Sitharaman announced an increase in outlay to Rs 40,000 crore. "The electronics components manufacturing scheme launched in April 2025, with an outlay of 22,919 crores, already has investment commitments and double the targets. We propose to increase the outlay to 40,000 crores to capitalize on this." FM Sitharaman said in her speech.

At 11: 18 am, Electronics Component Manufacturing stocks such as Kaynes Tech (6.53%), Dixon Technology (6%) and Syrma SGS Technology gained (+10 percent).

The government had recently cleared 22 new proposals under the Electronics Component Manufacturing Scheme (ECMS) involving Rs 41,863 crore in investment, with projected production of Rs 2.58 lakh crore and 33,791 direct jobs, marking the largest tranche of approvals under the scheme so far.

The latest clearances significantly widen the scale and scope of ECMS as India pushes to deepen domestic electronics manufacturing beyond final assembly.

The approved companies include Epitome Components, Deki Electronics, TDK India, Signum Electronics, India Circuits, BPL Limited, Wipro Global Engineering and Electronic Materials, Vital Electronics, Motherson Electronic Components, ATL Battery Technology (India), Tata Electronics, NPSPL Advanced Materials, Yuzhan Technology (India), AT&S India, Ascent-K Circuit, Amphenol High Speed Technology India, Samsung Display Noida, Cipsa Tec India, Kunshan Q Tech Microelectronics (India), Dixon Electroconnect, Hindalco Industries, and Shogini Technoarts.

(This is a developing story and will be updated)