PLI for telecom sector to encourage Indian, global firms: Ravi Shankar Prasad

The production-linked incentive (PLI) of ₹12,195 crore set aside for telecom equipment manufacturing will encourage Indian as well as global companies to produce in the country, said telecommunications, electronics and IT minister Ravi Shankar Prasad. The incentive will also support these manufacturing firms to export from India, he added.

The Cabinet on Wednesday approved PLI scheme for 10 more sectors to the tune of ₹2 lakh crore after it was first rolled out for mobile phone manufacturing in April. “The government today approved PLI for 10 more sectors, which will not only boost manufacturing in India but also encourage exports and create jobs,” Prasad said in a Twitter post.

India is one of the largest telecom markets in the world and mostly depends on global firms—Sweden’s Ericsson, Finland’s Nokia, South Korea-based Samsung, and ZTE and Huawei from China—for its equipment requirements.