Rs 25,000 crore in taxes, 12 lakh jobs: Vaishnaw backs mobile PLI scheme

India's mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections and Rs 3,000 crore in GST.

Union minister Ashwini Vaishnaw announced new schemes to further enhance production and strengthen global supply chains.

The Mobile Phone Manufacturing Scheme will operate from FY 2026-27 to FY 2030-31, with Rs 62,500 crore allocated.

It aims to increase domestic sourcing and support Indian mobile brands through incentives.

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Key focus areas include regulatory direction, banking operations, credit conditions, customer service, compliance readiness, and market developments connected with "Rs 25,000 crore in taxes, 12 lakh jobs: Vaishnaw backs mobile PLI scheme".

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Source attribution: Times of India – Business.

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