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Global Networking Products Market Shares Reflect Significant Growth of Mn US$ During 2020-2025 – KSU

Global Networking Products Market Shares Reflect Significant Growth of Mn US$ During 2020-2025 – KSU
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India splashes cash to lure telecoms and network kit-makers in need of manufacturing muscle

Wants big players to build locally for locals, then build export capability Share Copy India has created a new tech manufacturing investment attraction fund, this time for telecom equipment and enterprise networking kit. Details of the new Production Linked Incentive (PLI) Scheme for Telecom and Networking Products have not been posted, but previous Indian PLI schemes aimed at consumer electronics and other devices have seen India subsidise the acquisition of land and construction of factories for both foreign and domestic investors. The new scheme explicitly aims to make India both a producer of products for local consumption, and an exporter.

India- Cabinet approves over Rs 12,000 cr PLI scheme for telecom sector

(MENAFN - KNN India) Cabinet approves over Rs 12,000 cr PLI scheme for telecom sector New Delhi, Feb 17 (KNN) The Union Cabinet, chaired by the Prime Minister, Narendra Modi, on Wednesday approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore. The Production Linked Incentive (PLI) scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments of telecom and networking products in order to encourage Make in India. The scheme will also encourage exports of telecom and networking products Made in India .

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