Mobile Phone Manufacturing Scheme Gets Rs 62,500 Crore
Why in the news
The Union Cabinet under PM Modi cleared a large scheme to expand mobile phone manufacturing in India.
Key facts
- Approved by: Union Cabinet chaired by PM Narendra Modi.
- Outlay: Rs 62,500 crore.
- Duration: five years, FY 2026-27 to FY 2030-31.
Objectives
- More phones made in India, with greater local value addition and component sourcing.
- Indian brands, plus research, design and innovation.
- Less import dependence and sturdier supply chains.
Exam angle
- Approval: Union Cabinet; outlay Rs 62,500 crore.
- Tenure: FY 2026-27 to FY 2030-31.