Govt Approves Rs 62,500-Crore Mobile Manufacturing Scheme With PLI, R&D Incentives
The Union Cabinet cleared a five-year Mobile Phone Manufacturing Scheme with a Rs 62,500-crore outlay, offering 2.25%-5% production-linked incentives, up to 1.5% localisation support and a 3% R&D incentive. It targets Rs 39 lakh crore in production, Rs 15 lakh crore in exports and 60,000 direct jobs, strengthening domestic smartphone brands and electronics retail supply chains.
Union Cabinet approved a Rs 62,500-crore Mobile Phone Manufacturing Scheme over five years, offering production, localisation, R&D and export incentives to boost domestic smartphone manufacturing, Indian brands and electronics retail supply chains.
Why this matters
The scheme extends India's electronics push, following the waiver of basic customs duty on key electronic parts to deepen the value chain, and reinforces domestic manufacturing and retail supply chains.
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