Bengaluru, NFAPost: The Production-Linked Incentive (PLI) scheme for communications and networking products was introduced recently, saying it would boost manufacturing, attract component sector and industries, and support local demand for equipment at a crucial time when India is gearing up for 5G, that was cheerfully welcomed by the telecom industry.
According to an official release, the outlay for telecom and networking products is pegged at ₹12,195 crore; noting India’s aspirations to become a major manufacturing hub for these telecom equipments, which form a critical and strategic element of secured infrastructure.
“Telecom equipment forms a critical and strategic element of building a secured telecom infrastructure and India aspires to become a major original equipment manufacturer of telecom and networking products,” the release said.
COAI also noted that this is considering that the Indian telecom industry has been extremely resilient during this ongoing pandemic and has been playing a pivotal role in the survival of several other sectors, especially during the lockdown.
“We are yet to receive details of the scheme from the DoT, however, we appreciate the proposed outlay of Rs 120 billion for telecom and networking equipment and are confident that the government would have designed the scheme is such a manner to ensure that the demand for telecom equipment from the local market is enhanced and remains robust as well as exports from India are suitably supported and incentivised,” said Dr. SP Kochhar, director general, COAI while speaking on the development.