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Cabinet okays Rs 62,500 crore Mobile Phone Manufacturing Scheme

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Union Cabinet approved the Mobile Phone Manufacturing Scheme with a Rs 62,500 crore outlay.
Scheme targets Rs 39 lakh crore in mobile production from FY 2026-31.
It aims to boost mobile phone exports from India.
The scheme is expected to create 60,000 jobs.
Goal is to enhance India's role in global mobile phone manufacturing.
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Rajeev Chandrasekhar / Jupiter Capital interests historically