Domestic telecom gear maker sees Rs 10K cr credit facility, purchase preference

New Delhi: Domestic telecom gear makers seek a Rs 10,000 crore line of credit facility from the government in the upcoming budget to bring them at par with foreign competitors, according to a wishlist submitted by the telecom committee at PHD Chamber of Commerce and Industry.

The industry body has also demanded up to 75 per cent quota for locally-made telecom equipment to reduce imports.

“Foreign vendors are able to provide their countries export line of credit without sovereign guarantee to Indian telcos. Therefore, even if our prices and equipment are good to buy, we are not able to supply to Indian telecom service providers, as they are always short of funds for procurement. Initially we request a Rs 10,000 crore domestic line of credit facility,” PHDCCI said in its submission to the telecom ministry.