How India’s new Rs 62,500-crore smartphone manufacturing scheme will work
India's newly announced Rs 62,500-crore smartphone manufacturing scheme aims to address two key challenges in the country's electronics industry: maintaining growth after the current PLI scheme ends, and developing an indigenous smartphone brand capable of competing with foreign companies. This five-year program, running from FY 2026-27 to FY 2030-31, has been divided into two tracks.
The first track continues the support for large-scale manufacturers and EMS companies, while the second track specifically targets Indian smartphone brands. The scheme encourages component sourcing from within India and emphasizes the importance of domestic intellectual property, management control, design, and R&D capabilities for Indian brands.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
