Cabinet approves over Rs 12,000-cr PLI scheme for telecom sector: Prasad

The government expects that the scheme will lead to Rs 2.4 trillion incremental production of telecom equipment in the country in the next five years

The Union Cabinet on Wednesday approved a production-linked incentive (PLI) scheme worth Rs 12,195 crore for telecom equipment manufacturing.

The decision was taken to offset the imports of telecom equipment worth more than Rs 50,000 crore and reinforce it with “Made in India” products both for domestic markets and exports.

This approval comes in wake of very encouraging success of PLI related to mobile and component manufacturing, which was announced in April 2020 during the height of Covid pandemic, the government said in a release.

The government expects that the scheme will lead to Rs 2.4 trillion incremental production of