India's telecom equipment manufacturing sales exceed Rs 50,000 crore under the PLI scheme, driving 17,800 direct jobs and increased production and exports.
India's telecom equipment manufacturing sales have surpassed Rs 50,000 crore under the Production-Linked Incentive (PLI) scheme, creating over 17,800 direct jobs and many more indirect jobs. Sales of telecom and networking products by PLI beneficiary companies in FY2023-24 increased by 370% compared to the base year of FY2019-20. The PLI scheme has attracted an investment of Rs 3,400 crore, with telecom equipment production exceeding Rs 50,000 crore and exports totalling approximately Rs 10,500 crore.
July 10, 2024
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