Telecom PLI scheme gets enthusiastic response; 32 companies including 22 MSMEs submit applications
Telecom PLI scheme gets enthusiastic response; 32 companies including 22 MSMEs submit applications
Indian Government has received 32 applications for design-led Production Linked Incentive (PLI) scheme in line with the government's ambition of Atmanirbhar Bharat according to a government release. The PLI scheme in telecom sector was launched in 2021. The government is taking concrete steps in telecom equipment manufacturing, the Ministry of Communications release further said.
A total of 31 companies are now manufacturing various telecom equipment under the PLI scheme. In all, 32 companies (22 MSMEs, 5 Non-MSME Domestic and 5 Global) have submitted applications. The release said that 17 of these 32 companies have applied as design-led manufacturers.
Eighteen new companies have submitted applications, the release said.
India is poised to emerge as design and manufacturing hub for telecom and networking equipment, the relase said.
To promote the entire value-chain in telecom manufacturing, Design-led PLI was launched in June 2022. It provided additional incentive of 1% over and above the existing incentives for products that are designed in India. The application window was open from 21st June till 25th August, 2022.
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