The Indian government approved the India Semiconductor Mission 2.0 with a ₹1.27 lakh crore outlay.
A new Mobile Phone Manufacturing Scheme provides an additional ₹62,500 crore in funding.
These initiatives aim to develop the semiconductor value chain and increase domestic mobile production.
Dixon Technologies expects to be a primary beneficiary as a leading electronics manufacturing services provider.
Managing Director Atul Lall stated the scheme conditions align with industry goals for global competitiveness.
The policies target increased domestic value addition and component localization for smartphone manufacturing.