MITHILA — India has officially launched the Mobile Phone Manufacturing Scheme (MPMS), supported by an outlay of Rs 62,500 crore. The newly introduced initiative is aimed at fostering homegrown smartphone brands, marking a significant push toward developing comprehensive domestic technology capabilities across the nation.
Under the Rs 62,500 crore program, India is setting its sights on anchoring every key aspect of smartphone creation on domestic soil. The scheme encompasses the entire industry chain, requiring that product design, research and development (R&D), component fabrication, and final device manufacturing all take place inside the country.
Through the implementation of the MPMS, the initiative seeks to transition the domestic ecosystem toward fully integrated brand operations. By maintaining complete processes from research and component manufacturing to assembly within the country, the framework focuses on building local smartphone brands with end-to-end domestic infrastructure.
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Written by the Mithila live 24 news desk from reporting by News wire.
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