Cabinet Approves Mobile Phone Manufacturing Scheme With Rs. 62,500 Crore Budget to Scale Domestic Production

The Union Cabinet has approved the Mobile Phone Manufacturing Scheme, the Ministry of Information Technology and Electronics (MeitY) announced on Wednesday. The new scheme has a budgetary outlay of Rs. 62,500 crore. It aims to “further scale” phone production in India, “deepen value addition”, and “strengthen” the supply chains involved in handset manufact...