The Union Cabinet has cleared a ₹62,500 crore follow-on scheme to the PLI for mobile phones, with a sharp focus on boosting Indian brands, domestic value addition, and exports. This is a high-impact industry policy that aims to make India a global hub for mobile phone manufacturing.
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- ›Scheme Outlay: ₹62,500 crore
- ›Duration: 5 years
- ›Target this Data: ₹62,500 crore outlay, 5-year duration, 60,000 direct jobs target, ₹39 lakh crore production target.
- ›Target this Nodal Body: Union Cabinet (approval), Ministry of Electronics & Information Technology (MeitY) - though not explicitly named, it is the implementing ministry.
- ›Target this Incentive Structure: 2.25% to 5% base rate + 1.5% domestic sourcing + 3% Indian brand R&D.
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