The Ministry of Telecommunications (DoT) is expected to issue guidelines for the implementation of PLI (Production-Linked Incentive) systems for manufacturers in this sector and submit applications for them, according to government officials.
Telecommunications equipment manufacturers such as Ericsson and Nokia are keen to expand their operations in India, and global companies such as Samsung, Cisco, Ciena and Foxconn have “shown interest” in building telecommunications and networking products in the country for domestic and domestic production Products to set up export markets.
“Telecom PLI has already been approved by the government. The DoT contains guidelines for its implementation, application format, allocation of incentives, etc. It should be posted on the DoT website within a week,” said the official, who refused to be named, said PTI.
The DoT announced the PLI system for telecommunications and network products on February 24, 2021 at a cost of Rs.12.195 billion over a period of five years.
The telecommunications equipment manufacturing program in India is designed to boost the production of equipment valued at Rs 2.44 billion and create direct and indirect jobs for approximately 40,000 people.
The investor can receive an incentive for additional sales up to 20 times the promised investment, which enables them to achieve global standards, use their unused capacity and ramp up production.
The program is expected to bring an investment of over Rs.3,000 and generate tax revenues of approximately Rs.17,000.
