PLI Telecom Exports of Indian Companies Reached Rs 6,911 Crores by May 31

Indian companies' exports under the PLI scheme reached Rs 6,911 crores as of May 31, 2023. Minister of State for Communications shares key initiatives propelling India's telecom ecosystem and 5G technology advancements.

Highlights

  • Indian companies achieve Rs 6,911 crores in exports under PLI scheme.
  • 5G technology deployment underway in Bharat Sanchar Nigam Limited (BSNL).
  • DoT's initiatives promote research and development and startup culture in the telecom sector.

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PLI Telecom Exports of Indian Companies Reached Rs 6,911 Crores by May 31

Indian companies have recorded exports amounting to Rs 6,911 crores under the PLI (Production Linked Incentive) scheme as of May 31, 2023. This achievement was highlighted by the Minister of State for Communications, Shri Devusinh Chauhan, in his written reply to an unstarred question in Lok Sabha on July 26, 2023. The response was in reply to the question regarding India's strength in 5G technology and its potential as a major telecom technology exporter to the world in future. The Minister presented below key insights in his written reply on Wednesday.




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According to the Minister, India has designed and developed its own 4G/5G technology stacks, and the deployment of these advanced technologies has already commenced in Bharat Sanchar Nigam Limited (BSNL). The reply further stated to further bolster the telecom ecosystem and promote research and development, the Department of Telecommunications (DoT) has initiated several key programs aimed at positioning India as a global manufacturing hub:

Production Linked Incentive Scheme (PLI)

Launched on February 24, 2021, this scheme focuses on promoting domestic manufacturing of specified telecom and networking products, including 4G and 5G technologies, along with design-led manufacturing within the country. Notably, companies under this scheme have achieved exports worth Rs 6911 crores up to May 31, 2023.

Also Read: State-Wise Breakdown of 5G BTS Deployments in India as of July

Telecom Technology Development Fund

With 5 percent of annual collections from the Universal Service Obligation Fund dedicated to funding research and development of technologies, products, and services, the DoT has already approved 2 projects under this scheme, amounting to a grant of Rs 240.5 crores, according to the reply.

Also Read: India Launches Bharat 6G Alliance to Lead Next-Generation Technology Development

Digital Communication Innovation Square (DCIS)

Implemented under the Champion Services Sector Scheme (CSSS), DCIS aims to catalyze a thriving start-up culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in the telecom sector. To date, 126 startups and MSMEs have received funding from the DoT, with a grant-in-aid of Rs 105.87 crores, the Minister's reply stated.

The Minister's reply highlights India's developments in 5G technology and showcases the innovation and research in the telecom sector.

Reported By

From Arts and Journalism background, Yashika closely monitors developments and updates in OTT Space.

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