India, July 15 -- The Government of India has issued a release:
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore (Rupees Sixty-Two Thousand Five Hundred Crore Only).
Salient Features:
Expected Outcomes:
During the scheme tenure, the cumulative mobile phone production in the country is expected to reach approximately Rs 39,00,000 crore with significant increase in exports of mobile phones. The Scheme is also expected to generate around 60,000 direct jobs thereby contributing to economic growth, employment generation and strengthening India's position in global electronics manufacturing hub.
Context:
Disclaimer: Curated by HT Syndication.
