Nokia and HFCL are interested in being part of the Production Linked Incentive (PLI) scheme introduced by the government for the telecom sector. The telecom PLI scheme is worth over Rs 12,195 crore, and the centre will start accepting applications for the same from the interested companies on Friday. According to a PTI report, both Nokia and HFCL are looking to be a part of the telecom PLI scheme and... Read More
The Department of Telecommunications or DoT on Thursday started accepting applications for telecom equipment and networking products manufacturers to apply for the PLI or production-linked incentive scheme under which ten large manufacturers, as well as ten MSMEs, will be chosen to receive incentives. As per the guidelines released on Thursday, Rs 12,195 crore will be disbursed as incentives to the ten qualifying companies in a five year period by achieving... Read More
The Department of Telecommunications (DoT) has eased the confusion of telecom vendors on the Production Linked Incentive (PLI) scheme meant for the telecom industry. The telecom department has said that it will take into account all the production and incremental investments made by the companies post-April 1, 2021 in India for the PLI scheme. According to a FinancialExpress report, the DoT might come out with the final guidelines on the... Read More
The Department of Telecommunications (DoT) said that the guidelines of the Production Linked Incentive (PLI) scheme for the telecom sector is in the final stages and will be released soon. It is because of the widespread of COVID-19 in the country that the telecom department couldn’t come out with the guidelines sooner. According to an ET Telecom report, the telecom vendors are scared about losing crucial time of four months... Read More
The Indian government had earlier announced the Production Linked Incentive (PLI) scheme for the telecom sector worth Rs 12,200 crore. Now, as per a report from the CNBC-Awaaz, the Department of Telecommunications (DoT) is going to issue the final guidelines for the scheme in 1 to 2 days. The telecom department will soon start inviting the interested companies for submitting applications for the scheme. The application window will be open... Read More
Samsung, HP, Dell, Wistron and Foxconn have recently come out and called for targets in the upcoming production-linked incentive (PLI) scheme for hardware to either be revised or for the timeline to be extended. These companies, by reaching out to the ministry of electronics and IT via separate meeting, said that without these proposed changes, applicants might be discouraged from taking up the scheme and investing in India. They also... Read More
The Indian government had introduced the Production Linked Incentive (PLI) scheme for smartphone manufacturers to make India a global mobile manufacturing hub. Many tech giants, including Apple and Samsung, had participated in the government’s scheme to earn cashbacks and incentives. But the companies were only eligible to receive cashbacks when they met their yearly targets. Under the scheme, any foreign company setting up its manufacturing unit in India had to... Read More
During the budget session earlier this year, the Indian government removed certain exemptions on the components and printed circuit board assembly (PCBAs) used for manufacturing telecom products within India. Because of this, the overall production cost of the equipment and products will go up by 5% to 6%. According to a PTI report, the Broadband India Forum (BIF) has written to the finance ministry and the Department of Telecommunications (DoT)... Read More
The Department of Telecommunications (DoT) has finalised the draft of the guidelines for the telecom sector’s Production Linked Incentive (PLI) scheme. According to a Financial Express report, the DoT has drafted the guidelines in such a manner that companies who promise to invest more than other companies will be given the PLI incentives. Companies such as Ericsson, Nokia, Samsung, Ciena, Cisco, and more have ‘shown interest’ in taking part in... Read More
The government of India announced the Production Linked Incentive (PLI) scheme to boost the manufacturing sector in the country. The aim was to provide enough incentives to multinational corporations (MNCs), so they get motivated to set up manufacturing plants in India. The PLI scheme was extended to several sectors, including the telecom industry. On February 24, 2021, the government announced the PLI scheme for telecom and networking products outlaying benefits... Read More
Reliance Jio might get all of its 5G gear locally from Samsung. The South Korean tech giant is likely to apply for the government's Production Linked (PLI) scheme. For the unaware, the government's PLI scheme for the telecom sector of about Rs 12,195 crores is to attract and invite foreign manufacturers to set up factories in India and produce locally. According to an ET Telecom report, Samsung might apply for... Read More
The Production Linked Incentive (PLI) scheme of Rs 12,195 crore announced for the telecom equipment manufacturing will boost ‘innovation’ in the telecom industry. It will give way to more employment opportunities, increase local production, and poise India to serve as a global hub for innovation. The Cellular Operators’ Association of India (COAI) has praised the government's move saying that telecom is the backbone of the digital infrastructure in India and... Read More
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