New Delhi, March 22
In a boost for the ‘Make in India’ initiative, the production-linked incentive (PLI) scheme for telecom and networking products has seen an investment of Rs 4,081 crore (as on January 31), generating total sales of Rs 78,672 crore.
It includes export sales worth Rs 14,963 core. Additionally, it has generated employment for 26,351 people, said Dr Pemmasani Chandra Sekhar, Minister of State for Communications And Rural Development, in a written reply in the Rajya Sabha.
The Department of Telecommunications (DoT) notified the PLI scheme on February 24, 2021 to boost domestic manufacturing of telecom and networking products in India with an outlay of Rs 12,195 crore.
The scheme guidelines were amended to introduce an additional 1 per cent incentive for products designed, developed, and manufactured in India to promote design-led manufacturing and an inclusion of 11 additional products in the approved list based on industry requirements.
It also offered flexibility for companies to add one or more products from the approved list at any time during the scheme tenure and an option for companies to apply for incentive claims on a quarterly basis.