PLI Scheme
DoT Plans PLI Scheme Overhaul to Boost Telecom Equipment Exports
The government plans to revamp the production-linked incentive (PLI) scheme for the telecom sector to boost exports and integrate more micro and small enterprises into the manufacturing ecosystem. The Department of Telecommunications (DoT) has over Rs 1,000 crore in surplus funds, making funding for the expanded scheme feasible. This expansion aims to establish a comprehensive […]
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RBI Anticipates India Becoming Global Hub for Chip and Electronics Manufacturing
India’s emerging sectors like renewable energy and semiconductors are expected to make rapid advances on the back of the recent initiatives by the government, according to the RBI’s annual report released on Thursday. The interim Union Budget 2024-25, with an allocation of ₹6,903 crore for semiconductor and display fabs, would contribute to making India a […]
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Government Plans Incentives to Boost Telecom Equipment Production Expansion
Telecom equipment manufacturers are poised to receive relief as the government plans to roll out incentives to boost their production capacity, aiming to decrease reliance on imports from overseas. Valued at Rs 400 crore, the incentives are slated for release within a week to selected firms following thorough verification. According to a source familiar with […]
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Indian Government Considers Overhaul of Telecom PLI Scheme
The Indian government is considering an overhaul of the telecom production-linked incentive (PLI) scheme, which was initially introduced in February 2021. With an allocated budget of Rs 12,195 crore, the scheme aimed to boost telecom manufacturing in the country. However, in FY 23, less than half of the 42 participating companies could meet their targets, […]
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