‘Expansion of PLI scheme for telecom gear may attract $3 bln investment’

Kolkata: The government’s decision to include design-led manufacturing in the production-linked incentive (PLI) scheme for telecom and networks equipment and also commit more benefits is likely to help India attract around $3 billion (roughly Rs 23,400 crore) of potential investments from global and local companies, say analysts and industry executives.

The expanded telecom PLI scheme is expected to enthuse existing PLI beneficiaries to participate more aggressively and also attract new applicants to tap into emerging opportunities around design-led network equipment manufacturing, especially as India readies to go 5G.