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Home / Tag Archives: global electronics value chain shift

Tag Archives: global electronics value chain shift

India’s Electronics Evolution: Inside the New ₹62,500 Crore Mobile Phone Manufacturing Scheme (MPMS)

Close-up photograph of an automated surface mount technology (SMT) assembly line precision-placing microchips onto a green smartphone printed circuit board (PCB) inside a cleanroom environment.

Mumbai. Saturday, 18 July 2026 India has officially initiated its next massive leap toward becoming an undisputed global electronics manufacturing powerhouse. The Union Cabinet, chaired by Prime Minister Narendra Modi, has formally approved the Mobile Phone Manufacturing Scheme (MPMS) with a massive budgetary allocation of ₹62,500 crore. This landmark policy …