India Approves ₹62,500 Crore Mobile Phone Manufacturing Scheme to Boost ₹39 Lakh Crore Production, Exports and 60,000 Jobs

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore, marking a major step to strengthen India’s position as a global hub for smartphone manufacturing, exports and electronics innovation. Apple manufacturing and R&D spend The new scheme aims to scale up mobile phone production , increase domestic value addition, build resilient supply chains, enhance global competitiveness, and promote India