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Cabinet clears ₹62,500 crore mobile manufacturing scheme; targets ₹15 lakh cr exports

The Union Cabinet on Wednesday, July 15, approved a mobile phone manufacturing scheme with an outlay of ₹62,500 crore to strengthen India’s electronics manufacturing ecosystem and promote domestic production. The scheme will run for five years and includes incentives for developing Indian mobile phone brands, the government said. According to the government, the scheme targets … Read more

Vaishnaw warns of PLI freeze, slams slow pace of electronics industry

Union IT and Railways minister Ashwini Vaishnaw has issued a sharp warning to India’s electronics manufacturing ecosystem, threatening to halt both fresh approvals and fund disbursements under the Electronics Components PLI scheme if companies fail to step up execution. “Not getting support from industry… Not very happy with the progress,” Vaishnaw said bluntly, adding that … Read more

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