India, July 15 -- The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore.

The government has launched the scheme to further scale up mobile phone production, deepen domestic value addition, strengthen supply-chain resilience and enhance India's global competitiveness in electronics manufacturing.

The MPMS also aims to support the growth of Indian brands, promote technological sovereignty, capture greater economic value and encourage the creation of Indian patents in design and research and development (R&D).

The scheme will run for five years, from FY 2026-27 to FY 2030-31.

Under the scheme, manufacturers will receive incentives o...