The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.
The government extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029.
Syrma has entered into a JV with Japan-based Kaga Electronics to establish a technologically advanced EMS manufacturing facility in India focused on serving Japanese customers.
Syrma SGS share price: The stock price of Syrma SGS Technology has more-than-doubled or zoomed 101 per cent from its January 2026 low of ₹634.15 on the BSE.
Going forward, Syrma believes that the company is well poised to capitalize on the emerging opportunities and grow healthy growth rate across all verticals.
Analysts believe that the EMS industry is a key component of India's broader electronics ecosystem and has shown strong growth in recent years
JP Morgan expects strong growth across the EMS universe, projecting a 20 per cent revenue CAGR over the next two years (30 per cent excluding Dixon)
Motilal Oswal estimates a 30 per cent compound annual growth rate (CAGR) in aggregate revenue of their EMS coverage companies over FY25-28.
The scrip jumped 10.76 per cent to the day's high of ₹802 on the National Stock Exchange