Udayavni Special

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

‘Younger brother’ Himanta will take Assam to greater heights: outgoing CM Sonowal

Goa: 130 COVID-19 patients shifted to GMCH’s super speciality block

CM Stalin assures transparency, says govt is for all

COVID-19 patient found hanging in Pune hospital, probe on

Kerala poet’s Facebook account ‘suspended’ for posting satire clip on BJP poll defeat

Former Rajya Sabha MP KB Shanappa succumbs to COVID-19

Mallikarjun Kharge urges PM to convene an all-party meeting to collectively tackle COVID



Related Articles More

M-cap of eight of top-10 most-valued companies zooms by Rs 81,250.83 cr

NHAI exempts tankers carrying oxygen from toll fee on highways

FinMin asks PSU banks to keep high vigil on any attempt to seize funds by Cairn

Adani Group deploys resources for Covid fight, procures 48 oxygen carrying tanks

Flipkart announces measures to support sellers amid Covid-19

MUST WATCH

IPL 2021 : What next? | Udayavani

Udayavani 9 -May -2021 News Bulletin

D. K. Suresh | Covid 2nd Wave | Don’t be afraid of covid. But be warned

Patients Complaints against food at Moodigere Hospital

Police Raid at Vitla Cloth Shop

Latest Additions

‘Younger brother’ Himanta will take Assam to greater heights: outgoing CM Sonowal

Goa: 130 COVID-19 patients shifted to GMCH’s super speciality block

CM Stalin assures transparency, says govt is for all

COVID-19 patient found hanging in Pune hospital, probe on

Kerala poet’s Facebook account ‘suspended’ for posting satire clip on BJP poll defeat

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.