India launches Rs 62,500 crore scheme to build homegrown smartphone brands
India has introduced the Mobile Phone Manufacturing Scheme (MPMS), backed by a Rs 62,500 crore investment, aimed at developing indigenous smartphone brands. The initiative seeks to bring the entire value chain — including design, research and development, component production, and manufacturing — within the country. Unlike previous efforts focused on contract assembly for global brands like Apple, this scheme targets end-to-end domestic ownership of smartphone products. The move signals India's ambition to transition from being a manufacturing hub to a creator of globally competitive homegrown technology brands.
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