Design-led Incentive Scheme Gets Enthusiastic Response from Telecom Equipment Manufacturers

Article By : PIB India

Around 18 new companies have submitted applications for the Design-led PLI Scheme for telecom equipment.

Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat is taking concrete steps in telecom equipment manufacturing. The Production Linked Incentive (PLI) scheme in the telecom sector, launched in 2021, now has 31 companies receiving incentives for the manufacturing of various telecom equipment.

To promote the entire value chain in telecom manufacturing, the 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. A total of 32 companies—22 MSMEs, five Non-MSME domestic and five global—have submitted applications. About 17 of these 32 companies have applied as design-led manufacturers and remaining as production linked manufacturers.

It is heartening that 18 new companies have submitted applications for the PLI Scheme, which is aimed at helping transform India into a design and manufacturing hub for telecom and networking equipment.

 

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