Mumbai: The Ministry of Communications has approved 42 companies, including 28 MSMEs, under the PLI Scheme for telecom and networking products, providing a significant boost to prime minister Narendra Modi's vision of Atmanirbhar Bharat. Design-led manufacturing will build a strong ecosystem for 5G.
17 companies have applied for an additional 1 per cent incentive under design-led manufacturing criteria. These 42 companies have committed Rs 4,115 crores in investment. This is expected to generate additional sales of Rs 2.45 lakh crores and create more than 44,000 new jobs over the course of the scheme.
The Union budget for FY’22-23 announced a design-led PLI Scheme for telecom and networking products in order to build a strong domestic value chain.
It provided an additional 1 per cent incentive on top of the existing incentives for products designed and manufactured in India. The design-led PLI scheme was launched in June 2022, and applications were invited from design-led manufacturers and others to take advantage of the incentive under the PLI Scheme for five years beginning on 1 April.
Existing PLI scheme companies for telecom and networking products were allowed to add more products and apply for the design-led PLI scheme. They also received the advantage of extending their 5-year PLI Scheme period by one year. This opportunity to shift their first year was taken advantage of by 22 companies, including 13 new applicants.
The enthusiastic response from domestic and global manufacturers to the concrete steps taken by the Government of India to encourage telecom equipment manufacturing demonstrates the Government's strong confidence in its initiatives. India is on track to become a design and manufacturing center for telecom and networking equipment.
The approved applicants under the PLI Scheme for telecom and networking products are Alphion India , Candid Optronix, Coral Telecom, Design and Manufacturing Vista Electronics , Ehoome IOT, Elcom Innovations, Frog Cellsat, GDN Enterprises , GO IP Global Services ,GX India, Huber + Suhner Electronics, Kaynes International Design & Manufacturing , Lekha Wireless Solutions, Matrix Comsec, Netlink ICT, Netweb Technologies, Panache Digilife, Priyaraj Electronics,Samriddhi Automations ,Sansap Technology , Sixth Energy Technologies , Skyquad Electronics and Appliances Private Limited, Surbhi Satcom Private Limited, Synegra EMS, Systrome Technologies, Tecniqua India, Tianyin Worldtech India , Vihaan Networks , Dixon Electro Appliances, HFCL, ITI ,Neolync Tele Communications, Syrma SGS Technology, Tejas Networks , VVDN Technologies, Commscope India , Flextronics Technologies (India), Jabil Circuit India, Nokia Solutions and Networks India, Rising Stars Hi-Tech , Samsung India Electronics and Sanmina-Sci India.
