Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat is taking concrete steps in Telecom equipment manufacturing.
Production Linked Incentive scheme in telecom sector was launched in 2021. A total of 31 companies are existing beneficiary for manufacturing of various telecom equipment under the PLI scheme.
To promote the entire value-chain in telecom manufacturing, Design-led PLI was launched in June 2022. It provided additional incentive of 1% over and above the existing incentives for products that are designed in India. The application window was open from 21st June till 25th August, 2022.
A total of 32 companies (22 MSMEs, 5 Non-MSME Domestic and 5 Global) have submitted applications. 17 of these 32 companies have applied as Design-led manufacturers and remaining as Production linked manufacturers. It is heartening that 18 new companies have submitted applications.
India is poised to emerge as design and manufacturing hub for telecom and networking equipment.