business 📱 India's big push for local smartphones
The government is aggressively pushing for a stronger domestic smartphone ecosystem through a new scheme. Union Minister Ashwini Vaishnaw stated that Apple might expand its manufacturing beyond iPhones in India. The Mobile Phone Manufacturing Scheme was approved in July with an outlay of ₹62,500 crore, running from FY 2026-27 to FY 2030-31. Three potential new Indian smartphone players could emerge within the next 10 to 14 months under this initiative. Companies must prove original designs and intellectual property ownership to receive support. 📱