India’s ₹62,500 Crore Mobile Manufacturing Push

### India’s ₹62,500 Crore Mobile Manufacturing Push India has notified the **₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS)** to accelerate electronics manufacturing and strengthen its position as a global mobile manufacturing hub. The scheme, announced by **MeitY**, will run for **five years from FY2026-27 to FY2030-31**. Its key objectives are to increase manufacturing scale, improve **Domestic Value Addition (DVA)**, deepen the domestic supply chain and enhance India’s technological capabilities. The scheme has two segments: * **TS1:** Incentives for mobile phone manufacturing. * **TS2:** Support for Indian mobile phone brands to build technology, design, R&D and intellectual property capabilities. During the scheme period, cumulative mobile phone production in India is expected to reach around **₹39 lakh crore**, along with a significant rise in exports. The initiative is also expected to create approximately **60,000 direct jobs**. ### Impact on Indian Stock Market The announcement is **positive for the electronics manufacturing ecosystem**, particularly companies involved in mobile assembly, components, EMS, semiconductor-related supply chains, design and R&D. Higher domestic value addition could improve long-term margins and reduce dependence on imported components. **Potential beneficiaries:** Dixon Technologies, Kaynes Technology, Amber Enterprises, Syrma SGS Technology and other companies linked to the electronics manufacturing supply chain. Overall, MPMS could support **Make in India, exports, employment and technological sovereignty**, while creating a favourable long-term growth opportunity for India’s electronics manufacturing sector.