21DEC,Delhi: The Department of Telecommunications has notified Production Linked Incentive (PLI) Scheme on 24.02.2021, to promote telecom and networking products, effective since 01.04.2021. The applications were invited from 04.06.2021 to 03.07.2021. 31 eligible applications were approved on 14th October 2021. For including design-led manufacturing, the Scheme Guidelines were amended on 20.06.2022, effective since 01.04.2022. Applications were invited from 21.06.2022 to 25.08.2022. 14 existing companies continued with existing sanctioned incentives. There were 32 applications and 28 eligible applications were approved on 31st October 2022. Based on their eligibility, presently there are total 42 companies approved under PLI scheme. Out of 42 companies, 17 companies are with design-led manufacturing products.These 42 companies have committed investment of Rs. 4,115 crores, additional sales of Rs. 2.45 lakh crores and will create employment of more than 44,000 over the scheme period. The number of applicants indicate the response from industry for making India a global manufacturing hub for telecom and networking products.The PLI Scheme for Telecom and Networking product has been notified on 24.02.2021 and is effective from 01.04.2021 only. During the Financial Year 2021-22, there is additional investment of Rs. 420 crores, sales of Rs. 9,019 crores, and employment of 4,938 numbers.
