DoT likely to issue guidelines for telecom PLI within week
PTI, Apr 11, 2021, 2:46 PM IST
New Delhi: The Department of Telecommunications (DoT) is likely to issue guidelines on the implementation of production-linked incentive (PLI) schemes for manufacturers in the sector and start inviting applications for the same in about a week, according to the government officials.
Telecom gear makers firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have “shown interest” to set up manufacturing bases in the country for telecom and networking products for domestic and export markets.
“Telecom PLI has already been approved by the government. The DoT is ready with guidelines to implement it, application format, incentive allocation, etc. It should be published on the DoT website within a week,” the official said.
The DoT notified the PLI scheme for telecom and networking products on February 24, 2021, with a financial outlay of Rs 12,195 crore, over five years.
The scheme for telecom gear manufacturing in India which is expected to encourage the production of equipment worth Rs 2.44 lakh crore and create direct and indirect employment for about 40,000 people.
The investor can earn an incentive for incremental sales up to 20 times the committed investment enabling them to reach global scales and utilise their unused capacity and ramp up production.
The scheme is expected to bring an investment of over Rs 3,000 crore and generate tax revenue of about Rs 17,000 crore.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Ola’s AI platform to compete with global companies in building energy-efficient data centres: Founder
Byju’s saga: Vendors’ claims before NCLT touch Rs 190 crore
Air India to restart Delhi-Tel Aviv flights on May 16
Vipul Organics participates in American Coatings Show in USA
Sensex tumbles 700 points amid broad-based selloff; Nifty slips from record highs
MUST WATCH
Latest Additions
Kundapura: Body of 22-year-old medical student found at Kodi beach
Ola’s AI platform to compete with global companies in building energy-efficient data centres: Founder
LS polls 2024: Kharge confident of INDIA bloc getting big majority
Mumbai City FC bag second ISL title with 3-1 comeback win over Mohun Bagan
Despite rain, heat reigns in Karnataka