India is poised to emerge as design and manufacturing hub for telecom and networking equipment

Telecom PLI scheme gets enthusiastic response from Telecom manufacturers – 32 companies including 22 MSMEs submit applications

INVC NEWS
New Delhi ,

Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat is taking concrete steps in Telecom equipment manufacturing. Government has received 32 applications for Design-led PLI scheme.

Production Linked Incentive scheme in telecom sector was launched in 2021. A total of 31 companies are now manufacturing various telecom equipment under the PLI scheme.

To promote the entire value-chain in telecom manufacturing, Design-led PLI was launched in June 2022. It provided additional incentive of 1% over and above the existing incentives for products that are designed in India. The application window was open from 21^st June till 25^th August, 2022.

A total of 32 companies (22 MSMEs, 5 Non-MSME Domestic and 5 Global) have submitted applications. 17 of these 32 companies have applied as Design-led manufacturers. It is heartening that 18 new companies have submitted applications.

India is poised to emerge as design and manufacturing hub for telecom and networking equipment.