Centre approves 31 proposals for telecom PLI scheme
Financial Express Mumbai|October 15, 2021
THE GOVERNMENT ON Thursday launched the production linked-incentive (PLI) scheme for telecom manufacturing, under which 31 global and local companies will undertake incremental production worth ₹1.82 lakh crore over five years.

The objective of the PLI scheme is to boost domestic manufacturing in the telecom and networking products by incentivising incremental investments and turnover with total outlay of 12,195 crore.

The scheme is effective from April 1, 2021. Investment made by successful applicants in India from April 1, 2021,onwards and up to FY 2024-25 shall be eligible, subject to qualifying incremental annual thresholds. The support under the scheme shall be provided for a period of five years, ie, from FY 2021-22 to FY 202526.

Notable companies selected under the include Flextronics, Foxconn, Jabil, Nokia, Rising Star, Dixon Technologies, VVDN Technologies, Tejas Networks, HFCL, ITI, Coral Telecom and Lekha Wireless, among others.

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