Rs 62,500 crore bet: After making iPhones, can India build the next Apple?

 With the launch of the Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), India is eyeing its homegrown smartphone brands – with every aspect from design, R&D to components and manufacturing taking place in the country. With the launch of the Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), India is eyeing its homegrown smartphone brands – with every aspect from design, R&D to components and manufacturing taking place in the country.