• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Telecom PLI Sees Rs 3,998 Crore Worth Actual Investment: Centre

OMMCOM NEWS by OMMCOM NEWS
December 11, 2024
in Business

New Delhi:  The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.

Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a written reply to a question in Lok Sabha that total 42 beneficiaries have been approved under the PLI scheme for telecom and networking products (till October 31).

In order to promote manufacturing of telecom products and reduce import dependency, the Department of Telecommunications (DoT) notified the PLI for telecom and networking products in 2021 with a total financial outlay of Rs 12,195 crore.

The scheme guidelines were amended in June, 2022 offering 1 per cent additional incentive for products designed, developed and manufactured in the country.

Earlier, the government informed that under the PLI scheme for telecom and networking products, exports reached Rs 12,384 crore (till September 30).

Till September, the applicant companies had clocked total sales worth Rs 65,320 crore, according to Pemmasani.

Salient features of the scheme are 33 telecom and networking products, incentives ranging from 4 to 7 per cent, an additional 1 per cent incentive for MSMEs for the first 3 years, and an additional 1 per cent incentive for products ‘Designed in India’.

Meanwhile, the PLI scheme for Large Scale Electronics Manufacturing was notified in 2020 to provide incentives to eligible companies on incremental sales (over the base year) involved in mobile phone manufacturing and manufacturing of specified electronic components, including Assembly, Testing, Marking and Packaging (ATMP) units.

By encouraging local production, the PLI scheme has significantly reduced the country’s reliance on imported telecom equipment. According to the government, the Indian manufacturers are increasingly competing on a global scale, offering high-quality products at competitive prices.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

4 National-Level, 15 Regional Advanced Research Labs Established: Centre

Next Post

On Completing Two Years, CM Sukhu Launches Six Beneficiary Schemes

Related Posts

Business

Adani Ports Sets New Robust Record In Cargo Handling In May

June 3, 2025
Business

Adani Stocks Defy WSJ Report; Market Shrugs Off Allegations Amid Group’s Resilience

June 3, 2025
Business

RBI Expected To Cut Repo Rate By 100 Basis Points By 2025 End: Nomura

June 3, 2025
Business

Tesla India Leases Rs 25 Crore Service Centre In Mumbai

June 3, 2025
Business

India’s Economy To Grow By 6.3 Pc In 2025, 6.4 Pc In 2026 As Global Growth Slows: OECD

June 3, 2025
Indian Stock Market
Business

Stock Market Ends Lower On 3rd Consecutive Trading Day As Weak Global Cues Continue

June 3, 2025
Next Post

On Completing Two Years, CM Sukhu Launches Six Beneficiary Schemes

‘Darbar Move’ Will Be Restored To Preserve Jammu’s Uniqueness: Omar Abdullah

CM Majhi Advocates Mother Tongue As Core Of Cultural Identity At Bharatiya Bhasa Utsav

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.