“The special features of the scheme include separate earmarking of funds for MSMEs and incentivizing sales up-to 20 times of minimum cumulative yearly investment for the purpose of benefits,” Prakash told ET, a day after the government released the guidelines for companies to avail benefits under the scheme.
According to the guidelines released on Thursday, Rs 12,195 crore will be disbursed as incentives to the qualified companies over a five year period by achieving stipulated production targets. Of this, Rs 1000 crore have been set aside for the ten MSMEs, three out of which will be domestic companies.
Nokia, Ericsson, Samsung, Ciena, Foxconn keen to set up manufacturing base in India under PLI
Indian manufacturers like VVDN Technologies (Gurugram), Dixon (Noida), HFCL, Coral Telecom and Sterlite have also shown interest in the Rs 12,195 crores scheme, that was notified in February, 2021.PTI | Apr 8, 2021, 09:53AM IST
New Delhi: The government on Wednesday said firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have shown interest to set up manufacturing base in the country for telecom and networking products for domestic and export markets. Most of the global industry leaders are keen to expand or set up manufacturing base in India and are positive about the kind of incentives proposed under the Production-Linked Incentive (PLI) scheme, said an official release outlining the status of the ambitious scheme for telecom and networking products that seeks to position India as a global hub