Union Cabinet Approves ₹62,500 Crore Mobile Phone PLI 2.0 Scheme To Boost Manufacturing And Exports
· Free Press Journal
New Delhi, July 15: The Union Cabinet has approved Rs 62,500 crore for the second edition of the mobile phone production-linked incentives (PLI) scheme, IT Minister Ashwini Vaishnaw said on Wednesday.
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Delhi: Union Minister Ashwini Vaishnaw says, "Today, several major decisions were taken. Under the chairmanship of Prime Minister Narendra Modi, a Cabinet and CCA meeting was held. Seven key decisions have been approved. The first two relate to infrastructure development in… pic.twitter.com/P99nOwRlFP
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"Cabinet has approved mobile PLI," Vaishnaw said. According to a presentation shared by the minister, the Cabinet has approved Rs 62,500 crore for the scheme.
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Smartphones have emerged as India's top exported commodity in CY 2025. The country exported smartphones worth Rs 2.62 lakh crore, with iPhone maker Apple dominating the segment.
Following a push to mobile phone production, India has emerged as the second-largest mobile manufacturer in the world. Mobile phone production in the country more than doubled to Rs 5.5 lakh crore in FY 2024-25 from Rs 2.14 lakh crore in FY 2019-20.
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Exports See Major Rise
Mobile phone exports have increased around eight-fold from Rs 0.27 lakh crore in FY 2019-20 to Rs 2 lakh crore in FY 2024-25.
From being an importer of mobile phones back in 2014, India has now become a net exporter, with more than 300 mobile manufacturing units operational in the country.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)