Devusinh Chauhan, Union Minister of State for Communications, informed parliament that the government has received Rs 27.25 billion investments till end October 2023 out of the total Rs 40.14 billion committed by 42 applicant companies under the production-linked incentive (PLI) scheme for telecom gear manufacturing.
He added that products worth Rs 88.04 billion had been exported till date under the PLI scheme for telecom gear and over 15,500 new jobs had been created till end October 2023. He further added that out of Rs 2378.07 billion incremental sales committed by applicants, around Rs 389.99 billion had already been realised till end October 2023. The scheme has also generated as many as 15,561 fresh jobs out of the targeted 44,494.
The telecom PLI scheme was extended by a year as most selected companies had failed to achieve the production targets due to covid related supply chain disruptions. Under the revised PLI scheme, 42 companies were selected, including 28 micro, small and medium enterprises (MSMEs).
