Production Linked Incentive (PLI) Scheme for Telecom and Networking Products Launched | Daily Current Affairs 2022
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Production Linked Incentive (PLI) Scheme for Telecom and Networking Products Launched

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PLI Scheme for Telecom and Networking Products: The Minister of State of Ministry of Communications Shri Devusinh Chauhan recently launched the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products.

Key Points of this scheme:

  • PLI Scheme in telecom sector was launched for realizing the Prime Minister’s vision of Atma Nirbhar Bharat.
  • This scheme in telecom sector will help in reducing India’s dependence on other countries for import of telecom and networking products.
  • It is being launched by Department of Telecommunications (DoT) with the objective to boost domestic manufacturing in the telecom and networking products by incentivising incremental investments and turnover with total outlay of ₹ 12,195 crore.
  • The scheme is effective from 1st April, 2021.
  • Investment made by successful applicants in India from 1st April, 2021 onwards and up to FY 2024-25 shall be eligible, subject to qualifying incremental annual thresholds.
  • The support under the Scheme shall be provided for a period of five (5) years, i.e. from FY 2021-22 to FY 2025-26.
  • As per Scheme and Scheme Guidelines, a total of 31 companies, comprising of 16 MSMEs and 15 Non-MSMEs (8 Domestic and 7 Global companies) have been found eligible and are being given approval under Production linked Incentive (PLI) Scheme of Department of Telecommunications (DoT), Ministry of Communications.

How many companies were approved under this scheme?

  • As many as 31 companies comprising 16 MSMEs and 15 Non-MSMEs were given approval under the PLI Scheme for promoting telecom and networking products manufacturing in India.
  • Some of the eligible MSME companies are:
    • Coral Telecom Limited,
    • Frog Cellsat Limited,
    • Ehoome IoT Private Limited,
    • GDN Enterprises Private Limited etc.
  • As per commitments given by applicants, these 31 applicants are expected to invest ₹ 3345 crore in the next 4 years and generate incremental employment of more than 40,000 people.
  • The scheme is expected to boost domestic Research & Development of new products on which 15% of the committed investment could be invested.

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