About Mobile Phone Manufacturing Scheme:
- It has been launched by the government of India to further scale up the production, deepen domestic value addition, strengthen supply chain resilience, enhance global competitiveness.
- Aim: It aims at building Indian brands to achieve technological sovereignty, capture large economic value and create Indian patents in design and R&D.
- Time Period: The scheme tenure shall be 5 Years i.e. from FY 2026-27 to FY 2030-31.
- Features:
- The scheme provides incentive support on eligible sales for manufacturing of mobile phones in India at differentiated rates ranging from 2.25% to 5%.
- Scheme also provides additional incentive of up to 1.5% linked to domestic sourcing of key components/ sub-assemblies.
- For building Indian brands, an additional incentive of 3% on Eligible Sales for design and R&D of the product.
