Budget 2026-27 enhanced ECMS from Rs.22,919 crore to Rs.40,000 crore. As of March 2026, 75 applications approved with Rs.61,671 crore investment and 65,040 direct jobs. In parallel, government eased JV frameworks under PN3, enabling partnerships such as Dixon Technologies' 26% JV for component manufacturing, and clarified approval timelines for critical technology collaborations.
Near-doubling of India's component manufacturing framework combined with resolution of its central paradox: India needed technology partnerships to build domestic capability, but PN3 created approval uncertainty for those very partnerships. The allocation enhancement ensures funding credibility; the JV framework ensures the partnerships are operationally feasible.