Centre agrees on 31 proposals for PLI scheme approving Rs.3,345 cr investment in telecom sector

Department of Telecom approved 31 proposals entailing an investment of Rs.3,345 crore in telecom sector over the next 4.5 years. The investment is based on PLI scheme and includes companies like Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, VVDN Technologies, Akashastha Technologies, and GS India.

The DoT notified the PLI scheme for telecom and networking products on February 24, 2021, with a financial outlay of Rs 12,195 crore, over the five years. The scheme will gear up manufacturing in India and is expected to encourage the production of equipment worth Rs 2.44 lakh crores. It will also create direct and indirect employment for about 40,000 people. The investors can earn an incentive for incremental sales up to 20 times the committed investment.

This is the first scheme among all PLI schemes, which includes MSMEs.


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