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Semicon 2.0 + Mobile Phones (MPMS)
Semicon 2.0 + Mobile Phones (MPMS)
India's twin bets on chips and phone assembly, and who gets paid
Policy report · Oct 2026
Semicon 2.0 + Mobile Phones (MPMS)
MPMS gives phone assemblers five more years of incentives; Semicon 2.0's chip payoff is real but slow, and most of it sits in unlisted companies.
Further reading
- Semicon 2.0: scheme pillars, eligibility and fiscal supportIndia Semiconductor Mission ↗
- Future of India's Semiconductor Industry (roadmap to 2035)NITI Aayog ↗
- Government notifies Rs 62,500 crore Mobile Phone Manufacturing SchemePIB (MeitY), 21 Aug 2026 ↗
- How India's Rs 62,500-crore MPMS worksThe Week ↗
- India's iPhone exports cross Rs 2 trillion in FY26Business Today ↗