Union Cabinet approves Mobile Phone Manufacturing Scheme with ₹62,500 crore outlay

Exam-focused facts from the 20 July 2026 current affairs briefing.

Key facts

The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) with an outlay of ₹62,500 crore for five years.
The scheme is implemented by the Ministry of Electronics and Information Technology.
It targets cumulative production of ₹39 lakh crore and mobile phone exports of ₹15 lakh crore during its tenure.
The scheme aims to generate 60,000 direct jobs in mobile manufacturing and other sectors.
Incentives under the scheme are based on domestic sourcing, design, R&D by Indian brands, and export of smartphones.
The scheme seeks to promote an Indian brand capable of serving the global market and build intellectual property through patent creation, R&D, and innovation.