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Telecom Manufacturing In India To Get Boost With Outlay Of Rs 12195 Crores Over 5 Years

Ministry of Communications stated today that Telecom manufacturing is set to get a boost with outlay of Rs 12195 Crores over 5 years leading to enhanced production of more than Rs 2.4 Lakh Crores. Pursuant to the extraordinary incentive of PLI being provided by Government of India in various sectors, the Cabinet today has approved the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. This approval comes in wake of very encouraging success of PLI related to Mobile and component manufacturing, which was announced in April 2020 during the height of Covid pandemic. In spite of 31st July 2020 being the last date for applying, it received a resounding response. All major mobile component manufacturers of world are expanding their powerful footprints in India by making investments, starting exports and giving jobs to thousands of Indians. Today s Cabinet decision addresses another component of Atmanirbhar Bharat to make India a global hub of manufacturing telec

Atmanirbhar bharatG next generation radio access networkMinistry of communicationsScheme for telecomProduction linked incentiveNext generation radio access networkWireless equipmentCustomer premises equipmentAccess devicesCapital marketMobile telecommunicationsScience and technologyInternet of thingsTechnology forecastingTelecom equipmentGovernment of india

Industry cheers PLI for telcos; says new scheme to spur jobs, production

The Rs 12,195 crore PLI scheme for telecom equipment manufacturing is a big positive that will spur local production, generate employment, and position the country as a global hub for innovation, industry experts said on Wednesday. Industry body COAI lauded the move saying telecom is the backbone of a digitally-connected India and the initiative will further boost local manufacturing and create job opportunities. India is already the second largest telecom market globally and this will go a long way in making the country a global hub for telecom innovation, SP Kochhar, Director General of COAI (Cellular Operators Association of India) said in a statement.

Prashant singhalTony vergheseJ sagar associatesCellular operator association of indiaLeader technologyDirector generalCellular operator associationCustomer premises equipmentEmerging marketsPli schemeTelecom sectorபிரஷண்ட் சிங்கால்டோனி வெர்கீஸ்ஜு சாகர் கூட்டாளிகள்செல்லுலார் ஆபரேட்டர் சங்கம் ஆஃப் இந்தியாதலைவர் தொழில்நுட்பம்

Industry cheers PLI for telecom sector; says new scheme to spur jobs, boost innovation

The Rs 12,195 crore PLI scheme for telecom equipment manufacturing is "a big positive" that will spur local production, generate employment, and position the country as a global hub for innovation, industry experts said on Wednesday.

Prashant singhalTony vergheseJ sagar associatesCellular operator association of indiaLeader technologyDirector generalCellular operator associationCustomer premises equipmentEmerging marketsTelecom equipment manufacturingWireless equipmentPli schemeபிரஷண்ட் சிங்கால்டோனி வெர்கீஸ்ஜு சாகர் கூட்டாளிகள்செல்லுலார் ஆபரேட்டர் சங்கம் ஆஃப் இந்தியா

Cabinet approves PLI plan for telecom

Cabinet approves PLI plan for telecom Updated: Updated: February 17, 2021 23:14 IST Incremental output estimated at ₹2.4 lakh cr., MSMEs to get a leg up; 40,000 jobs may be created Share Article AAA Raking it in: The scheme is expected to generate tax revenue of ₹17,000 crore from telecom equipment making, says Prasad.PTI | Photo Credit: PTI Incremental output estimated at ₹2.4 lakh cr., MSMEs to get a leg up; 40,000 jobs may be created The Union Cabinet on Wednesday approved the production-linked incentive scheme for the telecom sector with an outlay of ₹12,195 crore over five years. The scheme, which aims to make India a global hub for manufacturing telecom equipment, is expected to lead to an incremental production of about ₹2.4 lakh crore, with exports of about ₹2 lakh crore over five years and bring in investments of more than ₹3,000 crore.

Ravi shankar prasadPrashant singhalTony vergheseJ sagar associatesG next generation radio access networkUnion cabinet onUnion cabinetCommunications minister ravi shankarNext generation radio access networkCustomer premises equipmentரவி ஷங்கர் பிரசாத்பிரஷண்ட் சிங்கால்டோனி வெர்கீஸ்ஜு சாகர் கூட்டாளிகள்க் அடுத்தது ஜெநரேஶந் வானொலி நுழைவு வலைப்பின்னல்தொழிற்சங்கம் மந்திரி சபை ஆன்