Shares of Dixon Tech and Kaynes surge as India approves ₹62,500 crore Mobile PLI 2.0 scheme to boost domestic manufacturing.

The Cabinet has approved Rs 62,500 crore for the mobile phone PLI scheme 2.0, aiming to strengthen India's position as the world's second-largest mobile manufacturer.

The Union Cabinet approves ₹1.9 lakh crore for Mobile PLI 2.0 and Semicon 2.0 to boost India's high-tech manufacturing and chip sovereignty.