Telecom PLI sees Rs 3,998 crore worth actual investment: Centre [Video]

The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.

Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a written reply to a question in Lok Sabha that total 42 beneficiaries have been approved under the PLI scheme for telecom and networking products (till October 31).

In order to promote manufacturing of telecom products and reduce import dependency, the Department of Telecommunications (DoT) notified the PLI for telecom and networking products in 2021 with a total financial outlay of Rs 12,195 crore.

The scheme guidelines were amended in June, 2022 offering 1 per cent additional incentive for products designed, developed and manufactured in the country.

Earlier, the government informed that under the PLI scheme for telecom and networking …