New Delhi, July 15 -- The Union Cabinet on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore and targeting a cumulative mobile phone production in the country of around Rs 39 lakh crore during the scheme period.

Announcing the decision, Union Electronics and Information Technology Minister Ashwini Vaishnaw on Wednesday said the new scheme aims to further scale up mobile phone manufacturing, deepen domestic value addition, strengthen supply chain resilience and enhance India's global competitiveness.

According to the government, the scheme will be implemented for a period of five years from FY 2026-27 to FY 2030-31.

During the scheme period, the government expects cumulative mobil...