India approves Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS) to boost exports and jobs
New Delhi: The union cabinet on Wednesday approved a Mobile Phone Manufacturing Scheme (MPMS) with an outlay of Rs 62,500 crore for a period of five years.
Union minister of electronics and information technology, Ashwani Vaishnaw in a cabinet briefing said the scheme will disburse incentives based on domestic sourcing, and design and R&D by Indian brands. The scheme will also have incentives for export of smartphones.
