India approves Rs 62,500 crore Mobile PLI 2.0 to shift from assembly to homegrown brands
Union Cabinet clears the Mobile Phone Manufacturing Scheme replacing electronics PLI, targeting Rs 39 lakh crore production and 60,000 direct jobs through 2030-31. Move aims to push India beyond assembly hubs led by Apple, Foxconn, Tata Electronics and Pegatron toward design and domestic brands.
What happened
Mobile Phone Manufacturing Scheme (MPMS) · Union Cabinet approved Rs 62,500 crore Mobile Phone Manufacturing Scheme replacing electronics PLI, aiming to shift
Key facts
- Rs 62,500 crore scheme
- Rs 2.62 lakh crore smartphone exports 2025
- Rs 5.5 lakh crore FY24-25 production
- 60,000 direct jobs
- Rs 39,00,000 crore target production
Why this matters
The push toward homegrown brands and design creates partnership, JV, and acquisition openings around Indian component makers and IP as incumbents like Apple, Foxconn, and Tata reposition beyond assembly.
What to watch
- Final scheme guidelines defining eligible value-add tiers and design vs assembly weighting
- Domestic value-addition percentage disclosures by top exporters
- New component plant FDI announcements (display, PCB, camera modules)
- Smartphone export run-rate vs Rs 2.62 lakh crore baseline
- Any US/China tariff shifts redirecting supply chains to India
- Job-creation milestone reporting against 60,000 direct target
- Foxconn, Tata Electronics, Pegatron file for enhanced localization tranches and expand component lines
- Chinese OEMs (Xiaomi, Vivo, Oppo) accelerate local sourcing to stay compliant and eligible
- State governments compete with land/power/logistics sweeteners for anchor plants
- Domestic brands seek design-linked subsidies and JV tie-ups with Taiwanese/Korean component makers
- Component and semiconductor-adjacent suppliers announce India capacity to qualify