📱 India May Get 3 New Homegrown Smartphone Brands
IT Minister Ashwini Vaishnaw said India could see three new Indian smartphone companies within the next 10–14 months.
Key points:
🇮🇳 Government has identified 3 potential Indian companies, but their names haven't been revealed.
📱 The goal is to create Indian-owned smartphone brands that can compete globally.
🏭 The new Mobile Phone Manufacturing Scheme (MPMS) will support local manufacturing.
💡 Focus will be on Indian design, technology, intellectual property (IP) and components, not just assembling phones.
🔍 Companies must develop their own designs, rather than copying existing products.
📈 India has already reached around 25–28% local value addition in mobile manufacturing.
