New Delhi: The Union Cabinet on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) that will enable Indian brands to achieve technological sovereignty, capture large economic value and create Indian patents in design and research and development. The Cabinet gave a budgetary outlay of ₹62,500 cr for the scheme.
It seeks to scale up the production, deepen domestic value addition, strengthen supply chain resilience and enhance global competitiveness of India manufactured mobile phones.
The scheme provides incentive support for manufacturing of mobile phones in India at differentiated rates ranging from 2.25 percent to 5 percent and also provides additional incentive of up to 1.5 percent linked to domestic sourcing of key components and sub-assemblies.
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It also encourages designing and R&D for building Indian brands by providing an additional incentive of 3 percent on eligible sales.
