The telecom department has received applications from 32 companies till now which includes 22 MSMEs for the telecom equipment and design production-linked incentive (PLI) scheme.
According to the DoT, so far 31 firms are manufacturing telecom equipment under the scheme. “A total of 32 companies (22 MSMEs – 5 non-MSME domestic and 5 global) have submitted applications. 17 of them have applied as design-led manufacturers. It is heartening that 18 new firms have submitted applications,” said the Department of Telecommunications (DoT) in a statement.
In 2021 the scheme was launched to promote the entire value chain in telecom manufacturing. The scheme offers additional incentives of 1% over and above the existing incentives for products that are designed in India.
Almost Rs 4,000 crore out of Rs 12,195 crore was set aside for providing incentives to the manufacturers, it said. The application window was open from June 21st to 25th August, 2022.
“India is poised to emerge as a design and manufacturing hub for telecom and networking equipment,” said the statement.
Discussion about this post