The Indian government is reportedly planning to revamp the telecom production-linked incentive (PLI) scheme. The telecom PLI scheme was announced by the government in February 2021. A total outlay of Rs 12,195 crore was given for the scheme. In FY 23, less than half of the 42 companies that participated in the scheme could meet their targets, leaving Rs 1,500 crore unutilised. Looking at this, the Indian government is planning... Read More
The Department of Telecommunications just approved the investment proposals of as many as 31 companies that account for Rs 3,345 crore in four years under the PLI (Production Linked Incentive) scheme for telecom. The investment of Rs 3,345 crore in the coming 4.5 years is the beginning. The government is eyeing to help the players in the telecom industry as a catalyst. This was announced by Devusinh Chauhan, the Minister... Read More
The Department of Telecommunications (DoT) has to come out with a list of names of companies that are going to be a part of the Production Linked Incentive (PLI) scheme for the manufacturing of telecom equipment. The PLI scheme for producing telecom equipment within India has seen a lot of interest from major local and international companies, which include names such as Jabil, Cisco, Nokia, Foxconn, and others. According to... Read More
A recent report by PTI has surfaced with a statement from a senior DoT official, who wished to remain anonymous, stating that the main objective of the Rs 12,195-crore production linked incentive or PLI scheme for the telecom sector is to help domestic production, reduce import dependency as well as create jobs. The official said that the scheme had been designed post wide and regular consultations with the industry, inclusive... Read More
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