Union Cabinet Approves Mobile Phone Manufacturing Scheme with Rs 62,500 Crore Outlay

The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) under MeitY with a budgetary outlay of Rs 62,500 crore. Approved under the Make in India initiative, it aims to strengthen domestic mobile-phone manufacturing, raise value addition, boost exports and improve India's global competitiveness in electronics. MPMS will run for 5 years (FY2026-27 to FY2030-31) and succeeds the PLI Scheme for Large Scale Electronics Manufacturing (PLI-LSEM), which concluded on 31 March 2026. Eligible manufacturers get sales-linked incentives of 2.25% to 5%, with an extra up to 1.5% for higher domestic sourcing and an additional 3% for Indian brands investing in design/R&D. Targets: Rs 39 lakh crore cumulative mobile production, Rs 15 lakh crore exports, and around 60,000 direct jobs.