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Govt Notifies ₹62,500-Crore Mobile Phone Scheme, Targets ₹39 Lakh Crore Production in 5 Years
The scheme adds incentives for domestic sourcing and Indian design, and officials said it could create 60,000 direct jobs.
- On Thursday, the Ministry of Electronics and Information Technology notified the Mobile Phone Manufacturing Scheme with a budgetary outlay of ₹62,500 crore to accelerate domestic smartphone assembly and increase local value addition.
- IT Secretary S. Krishnan said the program aims to create 60,000 direct jobs, building on India's transformation from a phone importer to an exporter of finished handsets driven by earlier manufacturing initiatives.
- Indian brands receive a flat 5% incentive without minimum sales thresholds, plus an additional 3% for local design and research, while foreign manufacturers must demonstrate a ₹10,000 crore turnover versus ₹1,000 crore for Indian brands.
- Incentives are only disbursed for sales exceeding 115% of the previous fiscal year's production, with an additional 1.5% credit available for firms sourcing parts domestically at qualifying volumes.
- By 2030-31, India aims for ₹39 lakh crore in cumulative production and ₹15 lakh crore in exports, positioning the nation as a major global handset manufacturer and reflecting long-term government ambitions.
Insights by Ground AI
17 Articles
17 Articles
How India’s new Rs 62,500-crore smartphone manufacturing scheme will work
The scheme has two targets: keeping large-scale production growing after the first smartphone production-linked incentive scheme runs its course, and creating a competitive Indian smartphone brand.
·Noida, India
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New Indian phones in 10-14 months? 5 things to know about the government’s smartphone push
Apple may expand its manufacturing footprint in India beyond iPhones, Union Minister Ashwini Vaishnaw said, as the government pushes a new scheme aimed at strengthening domestic mobile production and building Indian smartphone brands.
·New Delhi, India
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Coverage Details
Total News Sources17
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
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