According to Ashwini Vaishnaw, Union Minister of Communications, Electronics and Information Technology and Railways, telecom companies have invested Rs 24.18 billion under the production-linked incentive (PLI) scheme for telecom and networking products till date. This has translated to sales of Rs 345.16 billion, exports of Rs 76 billion, and employment is 17,753.
Vaishnaw added that telecom equipment manufactured in India is exported to highly developed countries, such as the US, European countries and Japan. The minister said the 5G was launched last year, and within a year, India has become the third largest ecosystem for 5G in the world. He also informed that the International Telecommunication Union (ITU) has accepted India’s inputs in the standardisation of 6G. This process will be further strengthened in the coming years. Vaishnaw stated that the government is working towards positioning India as a leading standard and IT contributor to the 6G journey.
The government shortlisted 42 companies in October 2022 that committed a total investment of Rs 41.15 billion. The scheme is likely to generate additional sales of Rs 2.45 trillion and employ over 44,000 people during the six-year scheme period ending 2025-26.