28 MSMEs approved for telecom PLI scheme: Govt

Ease of doing business for MSMEs: The Communications Ministry on Monday announced granting approval to 42 companies including 28 MSMEs for the production-linked incentive (PLI) scheme for telecom and networking products. This included 17 companies that applied for an additional incentive of 1 per cent under the design-led manufacturing criteria. The 42 companies have committed investments of Rs 4,115 crores which is likely to generate additional sales of Rs 2.45 lakh crores and more than 44,000 jobs over the scheme’s period.