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Home / Tag Archives: Union Cabinet approves ₹62

Tag Archives: Union Cabinet approves ₹62

India’s Tech Revolution: Cabinet Approves ₹62,500 Crore Mobile Phone Manufacturing Scheme to Dominate Global Supply Chains

July 16, 2026 Business News

Automatic robotic arms assembling complex multi-layer printed circuit boards inside a modern Indian electronics factory.

New Delhi | Thursday, 16 July 2026 In a landmark decision aimed at shifting India from a regional assembly floor to a dominant global electronics powerhouse, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Mobile Phone Manufacturing Scheme (MPMS) with a massive financial outlay of ₹62,500 …