Govt Notifies Mobile Phone Manufacturing Scheme; Extra Incentives for Indian Brands

Govt notifies mobile phone manufacturing scheme; extra incentives for Indian brands

The scheme was approved by the Union Cabinet last month and builds on the PLI Scheme for Large Scale Electronics Manufacturing which ran from 2020 to the last financial year

Centre notifies ₹62,500 crore mobile phone manufacturing scheme

The scheme provides an additional incentive of up to 1.5 per cent for the domestic sourcing of key components and sub-assemblies

Apple May Expand India Manufacturing Beyond iPhones: Union Minister

The government is targeting cumulative mobile-phone production of around Rs 39 lakh crore during the five-year scheme period

Mobile Phone Manufacturing Scheme to Push Indian Brands Globally, Apple Expected to Expand Beyond Making IPhones in India: Vaishnaw

Get latest articles and stories on Business at LatestLY. The government expects the Mobile Phone Manufacturing Scheme (MPMS) to help Indian mobile phone brands expand globally and strengthen domestic capabilities in mobile manufacturing, Electronics and Information Technology Minister Ashwini Vaishnaw said while interacting with the media in Delhi. Business News | Mobile Phone Manufacturing Scheme to Push Indian Brands Globally, Apple Expected t…

Govt notifies Rs 62,500-crore mobile manufacturing scheme, offers extra incentives for local sourcing

The five-year scheme offers incentives of 2.25-5% on eligible sales and up to 1.5% extra for domestic component sourcing, after PLI 1.0 exceeded production and investment targets.

Apple could expand manufacturing to MacBooks and iPads in India, says Vaishnaw

Under MPMS, the government is targeting cumulative mobile-phone production of around Rs 39 lakh crore and exports of around Rs 15 lakh crore over five years.