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India is looking to capitalise on the shift away from China as companies diversify their global supply chains, before the window of opportunity closes.

The PLI scheme, approved by the Union cabinet in May with a budgetary outlay of ₹17,000 crore, covers laptops, tablets, all-in-one PCs, servers and ultra small form factor devices | Latest News India

In a move that could push the PLI scheme which is expected to incentivise local manufacturing, the government in August imposed restrictions on import of IT hardware from November, with companies requiring a licence to import products from abroad. However, the government has now learnt to have called off plans to impose a licensing regime, and instead will look to regulate inbound shipments through an import management system.

Ribbon Communications: The US multinational employs more than 1,000 individuals in India that includes R&D, product development as well as sales and service support functions.

Prime Minister Narendra Modi's vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India, Minister of State for Electronics and IT Rajeev Chandrasekhar said.

DoT extends telecom PLI scheme to 42 companies with outlay of Rs4,115 cr

The Ministry of Communications has approved 42 companies, including 28 MSMEs, under the PLI Scheme for telecom and networking products, providing a significant boost to prime minister Narendra Modi's vision of Atmanirbhar Bharat. Design-led manufacturing will build a strong ecosystem for 5G.

As many as 31 companies, including 16 micro, small and medium enterprises (MSMEs) and 15 non-MSMEs comprising eight domestic and seven global companies, have received approval under the production linked incentive (PLI) scheme of the department of telecommunications (DoT).

According to the report, the smartphone has already passed the R&D stage, and Jio is trying to purchase components for the gadget from businesses such as Tata Electronics.

5G JioPhone launch could be around Diwali this year, price to be around Rs 3,500 News Published: June 4, 2021 10:22 PM IST Reports previously revealed that Jio-Google 5G smartphone will launch at the company’s annual general meeting (AGM) 2021 set for June 24. Fresh reports suggest a completely different story here. New media reports suggest that the 5G JioPhone will launch around Diwali this year. So, there’s still tim...