Cabinet approves ₹62,500 crore push to boost phone manufacturing in India

The Indian government has approved a ₹62,500 crore initiative to ramp up domestic mobile phone manufacturing, a move that's expected to significantly boost local industry and reduce reliance on imports. This comes as global tech companies increasingly shift production away from China due to geopolitical tensions. By fostering local manufacturing, India aims to create jobs, enhance technological self-reliance, and position itself as a key player in the global electronics supply chain. This strategic investment could reshape India's economic landscape and its role in global trade.