India, July 15 -- The Union Cabinet has approved the Mobile Phone Manufacturing Scheme (MPMS) with an outlay of Rs.62,500 crore over the next five years to strengthen India's position as a global mobile manufacturing hub. The initiative aims to increase domestic production, boost exports, attract fresh investments, and generate large-scale employment in the electronics sector.

The scheme is expected to build on the success of earlier production-linked initiatives that helped India emerge as one of the world's leading mobile phone manufacturing centres. By encouraging both domestic and global companies to expand operations in India, the government hopes to deepen the local supply chain, increase value addition, and reduce dependence on im...