DoT approves 31 proposals worth Rs 3,345 crore for telecom equipment PLI

The Department of Telecommunications (DoT) on Thursday approved 31 proposals, garnering an investment of Rs 3,345 crore over four-and-a-half years under the production-linked incentive (PLI) scheme for telecom gear.

“The investment of Rs 3,345 crore in the next 4.5 years is just a beginning…the government is helping you (read: industry players) as a catalyst,” Devusinh Chauhan, minister of state for communications, said, announcing the selected candidates eligible for Rs 12,195 crore of incentives spread over the next five years.