Cabinet Approves ₹62,500 Crore Mobile PLI 2.0 Scheme

The Union Cabinet has approved a ₹62,500 crore production-linked incentives (PLI) scheme for mobile phones, aiming to further boost manufacturing and exports in the sector. This decision was announced by IT Minister Ashwini Vaishnaw on Wednesday, following a Cabinet meeting chaired by Prime Minister Narendra Modi.

According to Minister Vaishnaw, the Cabinet approved seven key decisions, with the mobile PLI scheme being one of the major announcements. The scheme is expected to promote the growth of mobile phone production in India, which has already seen significant expansion in recent years.

In the financial year 2024-25, mobile phone production in India more than doubled to ₹5.5 lakh crore, up from ₹2.14 lakh crore in 2019-20. The country has also emerged as a major exporter of smartphones, with exports worth ₹2.62 lakh crore in calendar year 2025. Apple, the iPhone maker, dominates the segment.

The growth in mobile phone production has been remarkable, with India becoming the second-largest mobile manufacturer in the world. The number of mobile manufacturing units in the country has also increased, with over 300 units now operational. This is a significant turnaround from 2014, when India was an importer of mobile phones.

The mobile PLI scheme is expected to further accelerate the growth of the sector, with a focus on boosting exports and encouraging domestic manufacturing. The scheme will provide incentives to manufacturers to produce mobile phones in India, which is expected to create new job opportunities and stimulate economic growth.

The approval of the mobile PLI scheme is part of the government's efforts to promote the growth of the electronics manufacturing sector in India. The sector has been identified as a key area for growth and development, with the potential to create new job opportunities and stimulate economic growth.

The government's push to mobile phone production has already yielded significant results, with mobile phone exports increasing eight-fold from ₹0.27 lakh crore in 2019-20 to ₹2 lakh crore in 2024-25. The new PLI scheme is expected to further boost exports and encourage domestic manufacturing, making India an even more significant player in the global mobile phone market.

The impact of the mobile PLI scheme will be closely watched, as it has the potential to create new job opportunities and stimulate economic growth in the country. With India already emerging as a major player in the global mobile phone market, the scheme is expected to further accelerate the growth of the sector and establish India as a leading manufacturer of mobile phones.

In conclusion, the approval of the mobile PLI scheme is a significant development for the electronics manufacturing sector in India. With its focus on boosting exports and encouraging domestic manufacturing, the scheme has the potential to create new job opportunities and stimulate economic growth in the country. As India continues to grow as a major player in the global mobile phone market, the scheme is expected to play a key role in promoting the growth of the sector and establishing India as a leading manufacturer of mobile phones.