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Cabinet approves over Rs 12,000-crore PLI scheme for telecom sector – Financial News Live

Cabinet approves over Rs 12,000-crore PLI scheme for telecom sector

Cabinet approves over Rs 12,000-crore PLI scheme for telecom sector

Following the launch of a production-linked incentive (PLI) scheme for manufac

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Following the launch of a production-linked incentive (PLI) scheme for manufacturing, India on Wednesday launched the scheme for telecommunications (telecom) and networking products, with an outlay of Rs 12,195 crore over five years.


The Cabinet approved PLI for manufacturing telecom equipment, including core transmission equipment, 4G/5G next-generation radio access network and wireless equipment, access and customer premises equipment, Internet of Things-access devices, other wireless equipment, and enterprise equipment like switches, routers, etc.


The scheme will be operational from April 1 this year. The eligibility for the scheme will be subject to achieving a minimum threshold of cumulative investment and incremental sales of manufactured goods, said the Ministry of Communication and Information Technology in a statement.


2019-20 will be treated as the base year for computation of cumulative incremental sales of manufactured goods net of taxes, it added.


The scheme also has higher proposed incentives…



Click here for the full story.

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