Rs 62,500 crore to Rs 39 lakh crore: The roadmap of India’s new mobile manufacturing scheme
The Centre has notified a Rs 62,500-crore ‘Mobile Phone Manufacturing Scheme (MPMS)‘ aimed at taking India’s mobile-phone production to about Rs 39 lakh crore over five years, raising exports to around Rs 15 lakh crore, and creating an estimated 60,000 direct jobs.
The scheme shifts policy focus beyond simply assembling handsets in India, as it offers incentives for locally made components, Indian-owned intellectual property, domestic design and research, and globally competitive Indian mobile brands.
