Nokia, Ericsson want PLI scheme to cover past investment too

New Delhi: Finland’s Nokia and Sweden’s Ericsson want India to include their existing manufacturing-related investments in the production-linked incentives (PLI) scheme, which was recently announced by the government for telecom and networking products.

The scheme is expected to support and incentivise exports from India, similar to the plan which has kicked off for the mobile handset industry.

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

“Cost levels in India productions are a little 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, the India market head for Nokia told ET.