Industry cheers PLI for telecom sector; says new scheme to spur jobs, boost innovation

New Delhi: The Rs 12,195 crore PLI scheme for telecom equipment manufacturing is “a big positive” that will spur local production, generate employment, and position the country as a global hub for innovation, industry experts said on Wednesday. Industry body COAI lauded the move saying telecom is the backbone of a digitally-connected India and the initiative will further boost local manufacturing and create job opportunities.

“India is already the second largest telecom market globally and this will go a long way in making the country a global hub for telecom innovation,” SP Kochhar, Director General of COAI (Cellular Operators’ Association of India) said in a statement.