DoT Extends PLI Scheme For Telecom And Networking Products To 42 Beneficiaries

The Ministry of Communications on Monday approved 42 companies including 28 MSMEs under PLI Scheme for Telecom and Networking Products.

These 42 companies have committed investment of Rs 4,115 crore. This is expected to generate additional sales of Rs 2.45 lakh crore and create additional employment of more than 44,000 over the scheme period.

Of these companies, 17 have applied for additional incentive of 1 per cent under design-led manufacturing criteria.

“The enthusiastic response from domestic and global manufacturers to the concrete steps taken by Government of India to encourage manufacturing in telecom equipment indicates strong confidence in initiatives of the Government. India is poised to emerge as design and manufacturing hub for telecom and networking equipment,” Centre said in a statement.

The existing companies under PLI scheme for telecom and networking products have been allowed to add more products and apply under design led PLI scheme. They were also given the benefit of shifting their 5-year PLI Scheme period by one year. In total, 22 companies availed this opportunity of shifting their first year which includes 13 companies who have applied as fresh applicants.  

To create a robust domestic value chain, Union budget of FY2022-23 announced design-led PLI Scheme for telecom and networking products. It provided additional incentive of 1 per cent over and above the existing incentives for products that are designed and manufactured in India. 

Design-led PLI scheme was launched in June 2022 and applications were invited from design-led manufacturers as well as others, for availing incentive under the PLI Scheme for five years commencing from 1 April 2022.