Govt approves over ₹12,000-cr PLI scheme for telecom equipment

The Union Cabinet on Wednesday approved Production Linked Incentive (PLI) norms for the telecom and network equipment manufacturing in order to boost local manufacturing of the components, said Union Minister of Electronics and Information Technology Ravi Shankar Prasad. The PLI scheme for the telecom sector is worth ₹12,195 crore over 5 years, he added.

The scheme will be implemented from April 1, said Prasad while addressing a press conference on Cabinet decisions today.

Prasad also said 20,000 jobs are already given by one mobile manufacturer, 1 lakh direct and 3 lakh indirect jobs will be created by a mobile manufacturer next year.