Cabinet approves Mobile Phone Manufacturing Scheme (MPMS)
July 15th, 04:24 pm
The Union Cabinet, chaired by PM Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore from FY 2026-27 to FY 2030-31. Besides significantly increasing mobile phone production and exports, the scheme is expected to generate jobs, thereby contributing to economic growth, employment generation and strengthening India's position as a global electronics manufacturing hub.