MeitY Notifies Rs 62,500-Crore Mobile Phone Manufacturing Scheme to Succeed PLI

The Ministry of Electronics and Information Technology (MeitY) notified the Mobile Phone Manufacturing Scheme (MPMS) with an outlay of Rs 62,500 crore, running five years from FY 2026-27 to FY 2030-31. It has two target segments: TS1 offers a differentiated incentive of 2.25% to 5% to mobile phone manufacturers, while TS2 gives Indian brands 5% plus 3% extra for Indian design and R&D. Both segments get up to 1.5% more for domestic sourcing of key components. MPMS succeeds the PLI-LSEM scheme, whose tenure ended on 31 March 2026, and is expected to yield about Rs 39 lakh crore in output and 60,000 direct jobs.
India is the world's second-largest mobile phone manufacturer by volume, after China | 99.2% of mobile phones used in India are manufactured domestically | MeitY was carved out as a separate ministry in 2016; it also runs Digital India