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India aims to become self-reliant in the IT hardware space by reducing imports from China, saving foreign exchange, creating jobs, and strengthening the hardware supply chain
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 of manufacturing telecom gear.