Shares of Kaynes Tech, Dixon Technologies and Syrma SGS gained after the government notified its Rs 62,500 crore Mobile Phone Manufacturing Scheme. The five-year initiative offers incentives to manufacturers and Indian brands, aiming to boost domestic value addition, exports, intellectual property, employment and Indias position as a global electronics manufacturing hub.

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

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…