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Cabinet approves Mobile Phone Manufacturing Scheme (MPMS), Rs 62,500 crore

18 July 2026National

On 15 July 2026, the Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) under MeitY, with a Rs 62,500 crore outlay, under the Make in India initiative. It runs for 5 years (FY27-FY31) and succeeds the PLI-LSEM scheme (Production Linked Incentive for Large Scale Electronics Manufacturing), which concluded on 31 March 2026. Manufacturers get sales-linked incentives of 2.25%-5%, plus up to 1.5% extra for higher domestic sourcing and an additional 3% for Indian brands investing in design/R&D. Targets: Rs 39 lakh crore cumulative production, Rs 15 lakh crore exports and about 60,000 direct jobs.

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MeitY Minister: Ashwini Vaishnaw | PLI = Production Linked Incentive (launched 2020) | Make in India launched: 2014 | India is the world's 2nd-largest mobile phone manufacturer

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The Cabinet approved the Mobile Phone Manufacturing Scheme (Rs 62,500 cr, FY27-FY31) under MeitY, succeeding PLI-LSEM, with sales-linked incentives of 2.25-5%.

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