Modi cabinet approves Production Linked Incentive Scheme for Telecom sector worth over Rs 12,000 crore
3 years, 10 months ago

Modi cabinet approves Production Linked Incentive Scheme for Telecom sector worth over Rs 12,000 crore

India TV News  

The government on Wednesday approved a Rs 12,195 crore production-linked incentive scheme for telecom gear manufacturing in India, a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs. The scheme is expected to bring investment of over Rs 3,000 crore and generate huge direct and indirect employment and taxes both, an official release said. The scheme is expected to offset huge imports of telecom equipment worth more than Rs 50,000 crores and reinforce it with “Made in India” products both for domestic markets and exports, the release said. New scheme has an outlay of Rs 12,195 crore over five years The new scheme has an outlay of Rs 12,195 crores over five years, and its eligibility will be subject to achievement of a minimum threshold of cumulative incremental investment and incremental sales of manufactured goods.

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