Production Linked Incentive Scheme was launched on 14 October, for Telecom & Networking Products.
Highlights:
The PLI Scheme was launched by the Minister of State of the Ministry of Communication, Devusinh Chauhan.
This scheme was launched to help reduce India’s dependence on other countries for importing telecom and networking products.
The PLI Scheme in the telecom sector is being launched by DoT to boost the Home Manufacturing of telecom and networking products.
Manufacturing will be supported by incentivising incremental expenses and turnover. This scheme was launched with a total expenditure of Rs 12,195 crore.
The scheme is effective from 1 April 2021. The made by applicants in India between 1 April 2021 to FY 2024-25 will be eligible.
The scheme provides support for 5years from FY 2021-22 to FY 2025-26.