India approves Rs 62,500 crore Mobile PLI 2.0 to shift from assembly to homegrown brands
Union Cabinet clears the Mobile Phone Manufacturing Scheme replacing electronics PLI, targeting Rs 39 lakh crore production and 60,000 direct jobs through 2030-31. Move aims to push India beyond assembly hubs led by Apple, Foxconn, Tata Electronics and Pegatron toward design and domestic brands.
Union Cabinet approved Rs 62,500 crore Mobile Phone Manufacturing Scheme replacing electronics PLI, aiming to shift India from assembly to homegrown smartphone brands and design, boosting production and exports over five years through 2030-31.