With a committed investment of INR 4115 crores, 42 companies including Nokia, Samsung, Ericsson’s partner Jabil, Flextronics, Tejas Networks, VVDN and HFCL, etc. have been given approval under the production linked incentive (PLI) scheme for telecom and networking products.
17 out of these 42 companies have gone a step ahead and applied for an additional incentive of 1% under design-led manufacturing criteria. Under the design-led PLI scheme which was launched in June 2022, more telecom and networking products could be added along with the normal PLI scheme. The benefit of shifting the 5-year PLI scheme period by one year has also been given.
The ministry said, “This (investment) is expected to generate additional sales of ₹2.45 trillion and create additional employment of more than 44,000 over the scheme period. India is poised to emerge as design and manufacturing hub for telecom and networking equipment.”