Can MPMS take India beyond smartphone assembly?

Grant Thornton Bharat’s PolicyCast is your window into policy, tax, and regulatory developments. Each episode features expert perspectives on issues that matter to businesses, individuals, and the wider economy.

India has built scale in smartphone assembly. The next opportunity is to capture more value across the mobile manufacturing value chain.

In the latest episode, Sohrab Bararia, Partner and Global Trade & Incentives Advisory Leader, Grant Thornton Bharat, explores what the Mobile Phone Manufacturing Scheme (MPMS) could mean for India’s electronics manufacturing ambitions.

Key themes from the conversation:

• Moving beyond assembly: MPMS aims to drive deeper domestic value addition and local sourcing.
• Building capabilities: Stronger capabilities across components, sub-assemblies, design and R&D will be critical to the next phase of growth.
• Looking beyond incentives: Infrastructure, logistics, skills and technology will be key to translating investments into sustainable manufacturing capabilities.
• Balancing global scale with domestic capability: Global players can bring technology and scale, while a stronger Indian supplier base can deepen localisation.
• Connecting the ecosystem: MPMS and Semicon 2.0 can work together to build a more complete and competitive electronics ecosystem.

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