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Govt approves ₹12,195-crore PLI scheme for telecom equipment manufacturing

Cabinet approves PLI scheme worth ₹12,195 crore
February 17, 2021
Union Minister Ravi Shankar Prasad addresses a press conference after the Union Cabinet met in New Delhi - Kamal Narag
Union Minister Ravi Shankar Prasad addresses a press conference after the Union Cabinet met in New Delhi - Kamal Narag×
Expected to bring ₹3,000 crore investment, generate huge employment
The Cabinet today approved a ₹12,195-crore Production-Linked Incentive (PLI) scheme for telecom equipment manufacturing, to promote Made-in-India gear and networking products.
The financial incentive is also to boost export of telecom and networking products, a government release said.
“The government is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business. It will be implemented from April 1. Majority of the international players are keen to come to India and some of them already have their foot ....

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Union Budget 2021 Live Updates: Nirmala Sitharaman Says This Budget Provides Every Opportunity For Recovery

Budget 2021 news updates: Nirmala Sitharaman delivers budget speech at parliament.
New Delhi:
Finance Minister Nirmala Sitharaman addressed parliament today with details of the Union Budget 2021, the first after a difficult year for the economy due to the COVID-19 pandemic. She announced foreign direct investment (FDI) hike in insurance to 74 per cent from 49 per cent with foreign control under safeguards. The Finance Minister has set a target of Rs 16.5 lakh crore as agricultural credit. Her budget speech comes after a difficult year for the economy due to the COVID-19 pandemic, which shut down businesses for months, leading to lost earnings, curtailed consumer spending and job cuts. The total impact of Atmanirbhar Bharat and measures by RBI was Rs 27.1 lakh crore, which amounts to 30 per cent of GDP, Ms Sitharaman said. 2021 is a year of many milestones, she said. ....

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