BusinessHindustan Times
Cabinet approves ₹62,500 crore push to boost phone manufacturing in India
in5points
The Union cabinet approved the ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS).
MPMS will run from fiscal 2026-27 to fiscal 2030-31, aiming to create 60,000 direct jobs.
Cumulative mobile production is targeted at ₹39 lakh crore, with exports projected to double to ₹15 lakh crore.
The scheme offers incentives of 2.25% to 5% on eligible sales of phones manufactured in India.
% of phones used in India are made domestically, and the sector has created 12 lakh additional jobs.
Story angle
Center-left
L
CL
C
CR
R
Mostly straight facts, with a light progressive or opposition-friendly tilt.
About how the story is framed, not whether the facts are true.
Hindustan Times
Center-left
Mixed factuality
