The Department of Telecommunications (DoT) has approved proposals of 42 more companies, including 28 micro, small and medium enterprises (MSMEs) under the production-linked incentive (PLI) scheme for telecom and networking products. Of these, 17 companies have applied for the additional incentive of 1 per cent under design-led manufacturing criteria.
According to DoT, these 42 companies have committed investments of Rs 41.15 billion. This is expected to generate additional sales of Rs 2.45 trillion and create additional employment of more than 44,000 over the scheme period.
The latest list of the 42 companies includes Nokia, Samsung and Tejas Networks, as well as Flextronics, VVDN, Jabil and Himachal Futuristic Communications Limited (HFCL).