August 21, 2026 4:58 PM
₹62,500 Crore Mobile Phone Manufacturing Scheme to Boost India’s Electronics Sector
The Ministry of Electronics and Information Technology (MeitY) has notified the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore, aimed at strengthening India’s position as a global hub for electronics manufacturing. The five-year scheme will be implemented from FY 2026-27 to FY 2030-31 and focuses on increasing the scale of mobile phone production, enhancing domestic value addition and strengthening capabilities across the manufacturing ecosystem. Two Targ...