India’s telecom manufacturing sales surpass Rs 50,000 crore under PLI scheme
The government launched the PLI scheme to enhance domestic manufacturing capabilities and make India a global hub for telecom equipment production.
NEW DELHI: Telecom equipment manufacturing sales have surpassed Rs 50,000 crore within three years of the launch of the Production Linked Incentive (PLI) Scheme for telecom in the country.
According to the Department of Telecommunications (DoT), the scheme has attracted investments totalling Rs 3,400 crore and resulted in the export of equipment worth Rs 10,500 crore. Furthermore, the PLI scheme has generated more than 17,800 direct jobs and numerous indirect jobs.”
“This milestone underscores the robust growth and competitiveness of India’s telecom manufacturing industry, driven by government initiatives to promote local production and reduce import dependency. India has been importing telecom gear for many years, but the balance has changed due to the Make-in-India and PLI scheme, leading to the production of equipment valued at over Rs 50,000 crore in the country,” said DoT in a press note.
The government launched the PLI scheme to enhance domestic manufacturing capabilities and make India a global hub for telecom equipment production. The scheme offers financial incentives to manufacturers based on their incremental sales from products manufactured in India.
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