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Mobile Phone Manufacturing Scheme is formally launched 🇮🇳📱 It will ✅ Double mobile phone production ✅ Support Indian IPs, Indian design, Indian brand

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Ashwini Vaishnaw

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64,123 görüntüleme • 4 gün önce •via X (Twitter)

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📲 Mobile Phone Manufacturing Scheme (MPMS) will focus on improving competitiveness, achieving scale, increasing domestic value addition and building Indian mobile brand.
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India takes another major step towards becoming a global mobile manufacturing powerhouse. The GoI has launched the Mobile Phone Manufacturing Scheme (MPMS) to strengthen domestic manufacturing, deepen value addition, support Indian mobile brands & build electronics ecosystem.
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MPMS: A Major Push for Mobile Phone Manufacturing in India To further scale up the production, deepen domestic value addition, strengthen supply chain resilience, enhance global competitiveness, #Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore. A look at the key features: 👇 🔹MPMS scheme aims at building Indian brands to achieve technological sovereignty, capture large economic value and create Indian patents in design and R&D. 🔹Scheme also provides additional incentive of up to 1.5% linked to domestic sourcing of key components/ sub-assemblies. 🔹For building Indian brands, an additional 3% incentive on Eligible Sales for design and R&D of the product. #CabinetDecisions Ministry of Electronics & IT
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A budgetary outlay of ₹ 62,500 crore has been allocated for the Mobile Phone Manufacturing Scheme (MPMS) Under the Mobile Phone Manufacturing Scheme (MPMS), cumulative production of approximately ₹39 lakh crore is projected. During the same period, cumulative exports are expected to increase from approximately ₹7.5 lakh crore to ₹15 lakh crore In addition, the scheme is expected to generate 60,000 direct jobs. It is also expected to create a large number of indirect employment opportunities - Union Minister Ashwini Vaishnaw #CabinetDecisions
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