Production Linked Incentive (PLI) Scheme In Telecom Sector News: Telecom Equipment Makers Rally After Cabinet Approves PLI Scheme
The government will also come up with a PLI scheme to encourage production of laptops and tablets. Shares of telecom equipment makers such as Sterlite Technologies, Vindhya Telelinks, D-Link, HFCL, ITI, Indus Towers, Shyam Telecom and Tejas Networks rose in the range of 2-11 per cent after the Union Cabinet approved Production Linked Incentive (PLI) scheme for telecom equipment makers. The Union Cabinet headed by Prime Minister Narendra Modi approved Rs 12,195 crore production linked incentive (PLI) scheme for the telecom and networking products in order to boost India's manufacturing capabil...