India’s mobile production reaches ₹4.1 Lakh Cr milestone

India’s mobile phone manufacturing sector has seen remarkable growth, reaching a value of Rs 4.1 lakh crore over the past decade. This impressive rise can be attributed to the Indian government's strategic policies, including the product-linked incentive (PLI) scheme and the phased-manufacturing programme (PMP). According to a report released on Wednesday, these initiatives have significantly bolstered local production capabilities.