India’s Telecom Manufacturing Industry Sees 26,351 New Jobs Under PLI Scheme

In a bid to enhance the domestic manufacturing environment, the guidelines of the scheme have been revised

The revised guidelines have expanded the list of eligible products for incentives

Source : Pexels

The Production Linked Incentive (PLI) scheme aimed at promoting the domestic production of telecom and networking products in India has made substantial progress as the beneficiaries have invested Rs 4,081 crore, resulting in total sales of Rs 78,672 crore, including export sales amounting to Rs 14,963 crore as of January 31, as per an official statement.

Moreover, the scheme has created employment for 26,351 individuals, further highlighting its role in economic development. In 2021, the Department of Telecommunications (DoT) launched the PLI scheme. The scheme has a significant financial commitment, with an allocation of Rs 12,195 crore, the statement added.

Revised Guidelines 

In a bid to enhance the domestic manufacturing environment, the guidelines of the scheme have been revised. One notable change is the introduction of an additional 1 per cent incentive for products that are designed, developed, and manufactured in India. This move is intended to promote innovation and design-driven production, encouraging companies to focus on creating high-quality, locally made telecom products.

Additionally, the revised guidelines have expanded the list of eligible products for incentives, adding 11 new items based on current industry requirements. Companies now have the flexibility to include one or more of these new products throughout the scheme's duration and can submit their incentive claims on a quarterly basis. This provides businesses with greater adaptability to meet changing market demands.

The PLI scheme now covers a total of 33 telecom and networking products, offering companies the opportunity to claim incentives on these items. The details of the scheme and its progress were shared by Dr Pemmasani Chandra Sekhar, the Minister of State for Communications and Rural Development, during a written reply in the Rajya Sabha on Thursday, March 20. The government's focus on domestic manufacturing under this scheme is seen as a significant step towards strengthening India's telecom sector and boosting its global competitiveness.