India approves ₹62,500 cr Mobile Phone Manufacturing Scheme to double exports and create 60k jobs
The Union cabinet cleared a five‑year, ₹62,500 cr Mobile Phone Manufacturing Scheme, targeting ₹39 lakh cr output and exporting ₹15 lakh cr, roughly double current levels. It promises 60,000 direct jobs and incentives up to 5% for domestic sales, component sourcing, and R&D to raise local value‑addition to 40‑50%.