News: MeitY notified MPMS with a ₹62,500 crore outlay for FY 2026–27 to 2030–31 to strengthen India’s mobile phone manufacturing ecosystem.

About

• Nodal Ministry: Ministry of Electronics & Information Technology (MeitY).
• Aim: Shift India from an assembly hub to a design, component manufacturing and IP powerhouse.
• Target: Increase domestic value addition from 23% to 35–40%.

Key Features

• TS1: Large domestic/global manufacturers — 2.25%–5% incentive on incremental production.
• TS2: Indian mobile brands — 5% incentive.
• Design & R&D: Additional 3% incentive for eligible Indian brands.
• Local sourcing bonus: Up to 1.5% for sourcing key components domestically.
• Indian brands must have >51% Indian ownership and management control.

Significance

• Promotes domestic component manufacturing and technological capability.
• Expected to create 60,000 direct jobs.
• Target production: ₹39 lakh crore.
• Target exports: ₹15 lakh crore.