Government approves 31 proposals for telecom PLI scheme entailing Rs 3,345 crore investment

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NEW DELHI: The telecommunications department on Thursday approved 31 proposals involving an investment of Rs 3,345 million over the next four and a half years.
“The investment of Rs 3,345 crore over the next 4.5 years is just the beginning. The government is helping them (industry players) as a catalyst,” said the Minister of State for Communications. Devusinh chauhan said.
Companies selected for the PLI scheme include Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, VVDN Technologies, Akashastha Technologies and GS India.
The DoT notified the PLI scheme for telecommunications and network products on February 24, 2021, with a financial outlay of Rs 12,195 crore, over the five years.
The plan for the manufacture of telecommunications equipment in India is expected to boost the production of equipment worth Rs 2.44 crore lakh and create direct and indirect employment for some 40,000 people.
Investors can earn an incentive for incremental sales of up to 20 times the committed investment, allowing them to reach global scales and utilize their unused capacity and increase production.
“This is the first scheme among all PLI schemes, which includes MSMEs. Without this, we would have been at a disadvantage,” said Coral Telecom’s managing director. Rajesh tuli said.





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