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Cabinet Approves ₹62,500 Crore Mobile Manufacturing Scheme

Cabinet Approves ₹62,500 Crore Mobile Manufacturing Scheme

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The five-year incentive scheme aims to boost domestic production, exports and smartphone manufacturing. Key Highlights New Delhi: The Union Cabinet has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore to strengthen India’s electronics manufacturing ecosystem and expand its position as a global smartphone production...

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Vivo to Transfer Noida Manufacturing Unit to Dixon JV

Vivo to Transfer Noida Manufacturing Unit to Dixon JV

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The move will support Vivo’s transition to an asset-light business model while expanding local smartphone manufacturing. Key Highlights New Delhi: Chinese smartphone maker Vivo is set to transfer its Noida-based manufacturing facility to its upcoming joint venture with Dixon Technologies, marking a significant step towards an asset-light business strategy in...

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