The Ministry of Electronics and Information Technology has notified the “Mobile Phone Manufacturing Scheme” (MPMS) with a total financial outlay of ₹62,500 crore to enhance global competitiveness, deepen Domestic Value Addition (DVA), and strengthen manufacturing capabilities within the mobile phone production sector.
The tenure of the MPMS is 5 years, spanning from FY27 to FY31. The scheme comprises two Target Segments (TS). TS1 focuses on providing incentives ranging from 2.25% to 5% for mobile phone manufacturing. TS2 is designed to support Indian mobile phone brands with a 5% incentive, plus an additional 3% incentive for Indian design and Research & Development (R&D).