Cabinet-approved mobile phone manufacturing scheme to drive India’s electronics manufacturing

July 16, 2026 12:09 PM

Cabinet-approved mobile phone manufacturing scheme to drive India’s electronics manufacturing

The Union Cabinet on Wednesday approved a new Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore, aiming to deepen domestic value addition, strengthen supply chains, boost exports and consolidate India's position as a global electronics manufacturing hub.   Chaired by Prime Minister Narendra Modi, the Cabinet's decision builds on the rapid transformation of India's electronics manufacturing sector over the past decade, during which the country has emerged as t...

Cabinet approves Rs 62,500 crore Mobile Phone Manufacturing Scheme to boost production, exports and Indian brands

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...