Firms seek extension in telecom PLI scheme; Cabinet to take call
Financial Express Mumbai|December 12, 2021
KIRAN RATHEE New Delhi, December 11 SENSING THEY MIGHT not be able to meet production targets for this fiscal (FY22) under the production-linked incentive (PLI) scheme for telecom equipment manufacturing, some companies have written to the department of telecommunications (DoT)

As per sources, apart from some individual firms, industry body Cellular Operators Association ofIndia (COAI) has also sought an extension of one year. The primary reason for seeking an extension is shortage of semiconductor as well as supply chain delays due to the pandemic.

Sources in DoT confirmed to FE that they have received letters from some companies seeking extension but any decision regarding the issuecan be taken only by the Union Cabinet. The DoT will put forward the proposal before the Cabinet soon.

Earlier, the government had approved an extension for smartphone PLI scheme whilea similar extension is also likely for IT hardware PLI scheme.

On October 14, the government had launched the PLI scheme for telecom manufacturing, under which 31 global and local companies would undertake incremental productionworth 1.82 lakh crore over five years.

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