Source: PIB
Context
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with an outlay of ₹62,500 crore to strengthen India’s mobile manufacturing ecosystem and promote indigenous brands.
About MPMS
- Launched by: Government of India
- Approved by: Union Cabinet
- Outlay: ₹62,500 crore
- Duration: FY 2026-27 to FY 2030-31 (5 years)
Objectives
- Increase mobile phone manufacturing in India.
- Promote domestic value addition.
- Encourage local sourcing of components.
- Develop Indian mobile brands.
- Boost research, design, and innovation.
- Reduce import dependence and strengthen supply chains.
