(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'.