India clears Rs 62,500 crore Mobile Phone Manufacturing Scheme to boost exports and jobs
Union cabinet approved a five-year Rs 62,500 crore incentive scheme rewarding domestic sourcing, R&D and smartphone exports, targeting Rs 39 lakh crore production, Rs 15 lakh crore exports and 60,000 direct jobs. Beneficiaries include Dixon, Foxconn and Tata Electronics, strengthening supply lines that feed electronics retailers like Croma and Reliance Digital.
Union cabinet approved a Rs 62,500 crore Mobile Phone Manufacturing Scheme incentivizing domestic sourcing, R&D and smartphone exports, targeting Rs 39 lakh crore production and 60,000 jobs, benefiting makers like Dixon, Foxconn and Tata Electronics.
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