‘Telecom equipment forms a critical and strategic element of building a secured telecom infrastructure and India aspires to become a major original equipment manufacturer of telecom and networking products,’ the statement said
New Delhi: The telecom industry on Wednesday cheered the introduction of the PLI scheme for communications and networking products, saying it would boost manufacturing, attract component sector and industries, and support local demand for equipments at a crucial time when India is gearing up for 5G.
The government has approved a production-linked incentive (PLI) scheme for 10 key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly ₹2 lakh crore over a five-year period.
Of this, the outlay for telecom and networking products is pegged at ₹12,195 crore, an official release said noting that India’s aspirations to become a major manufacturing hub for these telecom equipments, which form a critical and strategic element of secured infrastructure.
Source: livemint
