Govt Okays New Mobile Phone Manufacturing Scheme, Targets Rs 39 Lakh Crore Cumulative Production
- The Union Cabinet approved a Rs 62,500 crore Mobile Phone Manufacturing Scheme for FY 2026-27 to FY 2030-31 aiming for Rs 39 lakh crore cumulative production and expanded exports.
- The scheme offers incentives from 2.25% to 5% on eligible mobile phone sales, with additional benefits of up to 1.5% for domestic component sourcing and 3% for investment in product design and R&D to support Indian brands.
- India is currently the world's second-largest mobile phone manufacturer by volume, and mobile phones became the country's largest export product in 2025.
- The scheme is expected to create around 60,000 direct jobs and strengthen India's electronics manufacturing ecosystem, building on previous success and enhancing its global position.
21 Articles
21 Articles
Cabinet approves mobile phone manufacturing scheme
NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore, marking one of the government’s biggest initiatives to strengthen India’s electronics manufacturing ecosystem after the conclusion of the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing. The new scheme, which will run for five years from FY …
The Cabinet has approved ₹62,500 crore for the Mobile Phone Manufacturing Scheme (MPMS), which aims to boost the mobile phone industry in India and promote its mobile brands. Let's explore the details.
Cabinet clears Rs 62,500-crore mobile manufacturing scheme; eyes Rs 39 lakh crore output, 60,000 jobs
The Union Cabinet has approved a Rs 62,500-crore Mobile Phone Manufacturing Scheme to boost domestic smartphone production, enhance exports, create jobs, and strengthen India as a global electronics hub over five years.
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