In an effort to bolster its device manufacturing sector, India has launched a new scheme aimed at enticing industry leaders like Apple and Google. The government has put forth a Rs 62,500-crore plan designed to elevate domestic value addition and empower Indian smartphone brands. With notable growth in mobile phone exports, this initiative endeavors to encourage both local sourcing and increased production from global firms.

The Centre launches a ₹62,500 crore scheme to boost mobile phone manufacturing and incentivize domestic sourcing in India.

India's new Mobile Phone Manufacturing Scheme offers incentives for domestic smartphone assembly, boosting local production and job creation.

NEW DELHI: India expects Apple to widen its manufacturing footprint beyond iPhones, whereas Google could shift a substantial share of its export-oriented device production from…