NxtQuantum founder Madhav Sheth said AI+ is leveraging his experience in the smartphone industry to build a globally competitive Indian brand, targeting ₹7,500 crore revenue this fiscal while expanding research, local manufacturing and the domestic component ecosystem
The Union Cabinet has approved the ₹62,500 crore Mobile Phone Manufacturing Scheme (MPMS) for five years. Succeeding the previous PLI scheme, the initiative aims to drive ₹39 lakh crore in production and create 60,000 direct jobs
