Cabinet approves PLI scheme worth ₹12,195 crore
February 17, 2021
Union Minister Ravi Shankar Prasad addresses a press conference after the Union Cabinet met in New Delhi - Kamal Narag
Union Minister Ravi Shankar Prasad addresses a press conference after the Union Cabinet met in New Delhi - Kamal Narag×
Expected to bring ₹3,000 crore investment, generate huge employment
The Cabinet today approved a ₹12,195-crore Production-Linked Incentive (PLI) scheme for telecom equipment manufacturing, to promote Made-in-India gear and networking products.
The financial incentive is also to boost export of telecom and networking products, a government release said.
“The government is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business. It will be implemented from April 1... Majority of the international players are keen to come to India and some of them already have their footprints in India. We are going to give them encouragement,” Ravi Shankar Prasad, Minister for Communications and IT, said while briefing the media after the Cabinet meeting.