Cabinet approves PLI scheme worth Rs 12,195 crore for telecom sector

Cabinet approves PLI scheme worth Rs 12,195 crore for telecom sector

Cabinet approves PLI scheme worth Rs 12,195 crore for telecom sector

  • The Union Cabinet has approved a production-linked incentive (PLI) scheme worth Rs 12,195 crore for telecom equipment and networking product manufacturing.
  • Through this decision, the government aims to offset the imports of telecom equipment worth more than Rs 50,000 crore and reinforce it with “Made in India” products both for domestic markets and exports.
  • The support under the PLI scheme will be provided to companies manufacturers of specified telecom and networking products in India like Gigabit Passive Optical Networks (GPON), base routers, Dense Wavelength Division Multiplexing (DWDM), Multiprotocol Label Switching (MPLS/ IPMPLS) and 5G/4G radios.
  • The government will soon come up with a PLI scheme to encourage production of laptops and tablet PCs.

Source: Business Standard

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