Tejas Networks to invest Rs 750 crore under design-led PLI scheme

NEW DELHI: Homegrown Tejas Networks plans to invest Rs 750 crore to manufacture eligible products under the Design-led Production Linked Incentive (PLI) Scheme, according to a regulatory filing by the company on Tuesday.

“This is an excellent policy of Government of India to promote Indian R&D and IPR for the creation of world-class telecom products with high domestic value addition, where they give additional incentive for Indian designed and manufactured products,” said Sanjay Nayak, CEO & Managing Director of Tejas Networks.