The Union Cabinet on Wednesday, July 15, approved a mobile phone manufacturing scheme with an outlay of ?62,500 crore to strengthen India's electronics manufacturing ecosystem and promote domestic production.The scheme will run for five years and includes incentives for developing Indian mobile phone brands, the government said.According to the government, the scheme targets cumulative production worth ?39 lakh crore over its duration, with exports estimated at ?15 lakh crore.The government's export target comes as electronic goods have emerged as India's third-largest export category, accounting for 11.8% of the country's total exports and recording a 22.6% year-on-year increase during April-June 2026.The...