New Delhi: Tata Group-backed Tejas Networks Ltd has received Rs 189.17 crore from the Ministry of Communications, Department of Telecommunications, as an incentive under the Production Linked Incentive (PLI) scheme for Telecom and Networking Products for the financial year 2024-25 (FY25).
The incentive is part of the centre’s broader initiative to boost domestic manufacturing and enhance India’s telecom infrastructure.
As per the company’s regulatory filing with the Bombay Stock Exchange (BSE), Tejas Networks received Rs 189.1657 crore on 29 March.
This disbursement represents the first tranche, accounting for 85 per cent of the incentive allocated for the first two quarters of FY25.
Tejas Networks specializes in optical and data networking solutions, catering to telecommunications service providers, internet service providers, utilities, defence and government organizations across more than 75 countries.
Telecom PLI
Launched in February 2021, the government’s PLI scheme for telecom and networking equipment provides incentives to businesses that manufacture specific items to increase domestic production and draw in investment. The government introduced this five-year scheme with an overall budget of Rs 12,195 crore.
To qualify for benefits under the scheme, companies were required to meet a minimum threshold of cumulative incremental investments—Rs 10 crore for micro, small, and medium enterprises (MSMEs) and Rs 100 crore for larger firms.
It was reported in December that the ministry has disbursed a total of Rs 331.86 crore in incentives under the PLI scheme for telecom and networking equipment.
These incentives have been allocated across 18 companies, including Tejas, Nokia, Jabil Circuit India and Dixon Electro Appliances.
Minister of State for Communications Pemmasani Chandra Sekhar provided this information in response to a question in the Lok Sabha in December.
