Good response to PLI scheme for telecom equipment design
02 Sep 2022
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A total of 32 companies, including 22 MSMEs, 5 non-MSME domestic and 5 global manufacturers, have submitted applications for Production Linked Incentive (PLI) scheme in the telecom sector.
Of the total, 17 companies have applied as design-led manufacturers and the remaining as production linked manufacturers. Eighteen of these companies are new applicants.
The success of these companies could make India a design and manufacturing hub for telecom and networking equipment.
Production Linked Incentive scheme in telecom sector was launched in 2021. A total of 31 companies manufacturing various telecom equipment are already benefiting from the PLI scheme.
Design-led PLI was launched in June 2022 to promote the entire value-chain in telecom equipment manufacturing. It provided additional incentive of 1 per cent over and above the existing incentives for products that are designed in India. The application window was open from 21 June to 25 August 2022.
The scheme is part of Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat in telecom equipment manufacturing.
