July 15, 2026 5:24 PM
Cabinet approves Rs 62,500 crore Mobile Phone Manufacturing Scheme to boost production, exports and Indian brands
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore to further expand domestic mobile phone production, increase value addition, strengthen supply chains and enhance India's competitiveness in global electronics manufacturing. The new scheme, which will be implemented over five years from FY 2026-27 to FY 2030-31, aims to build on India's emergence as one of the world's lead...