Ericsson, Nokia want India to include their existing investments under PLI scheme

NEW DELHI: Finland’s Nokia and Sweden’s Ericsson want India to include their existing manufacturing-related investments to the production-linked incentives (PLI) scheme, which has recently been announced for telecom and networking products. The scheme is expected to support and incentivize exports from India, similar to the PLI scheme for the mobile handset industry.

European telecom gear vendors also want India to focus on bringing the component ecosystem under the new scheme, which aims to give sops of nearly Rs 12,200 crore.

“…cost levels in India productions are little higher than higher than other countries so I really welcome this kind of a policy which is coming up to provide incentives for local manufacturers because that really helps the Indian economy,” Sanjay Malik, Senior VP & Head, India Market, Nokia told ET.