The incentive outgo under the ECMS scheme is now projected at Rs 41,468 crore, compared with the budgeted Rs 22,805 crore. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Indian government's Electronics Components Manufacturing Scheme (ECMS) has drawn an overwhelming response, with applications proposing investments worth Rs 1.15 lakh crore, nearly double the scheme’s original target of Rs 59,350 crore, Union IT Minister Ashwini Vaishnaw said on Thursday.

Against a total production target of Rs 4.5 lakh crore, the ministry has received production estimates worth Rs 10.34 lakh crore.

The scheme is also expected to generate 1.41 lakh jobs, well above the initial target of 91,600.

Ashwini Vaishnaw, Union Minister, Govt of India

The incentive outgo unde

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