Government announces ₹12,000 crore PLI scheme for telecom sector

Government announces ₹12,000 crore PLI scheme for telecom sector
Representational image.Unsplash
The Cabinet has approved production-linked incentive (PLI) scheme worth ₹12,195 crore for telecom equipment manufacturing, Union minister Ravi Shankar Prasad said on Wednesday. Briefing reporters after a meeting of the Cabinet, Communications Minister Ravi Shankar Prasad said the government is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business.


The Cabinet has approved production-linked incentive (PLI) scheme for telecom equipment manufacturing worth ₹12,195 crore. The government expects that the scheme will lead to ₹2,44,200 crore incremental production of telecom equipment in the country in the next five years, Prasad said.

The minister said that soon the government will come up with a PLI scheme to encourage production of laptops and tablet PCs.
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