Electronics Component Manufacturing Scheme could raise India’s mobile manufacturing value-add by 50%: Jefferies
New Delhi [India], August 31 (ANI): India’s efforts to deepen domestic electronics manufacturing are gradually moving from assembling mobile phones to making more of their components locally, with Jefferies expecting the Electronics Component Manufacturing Scheme (ECMS) to cover around 50 per cent of the mobile phone Bill of Materials (BoM) by the end of its six-year tenure.
India’s mobile production has expanded sharply in recent years, but domestic value addition remains limited, creating a need to build a stronger component manufacturing ecosystem.
