Himachal Futuristic Communications Limited (HFCL) has committed to invest Rs 4.5 billion in the design-linked incentive (DLI) scheme of the government to manufacture telecom products such as routers, antennas and 5G radio equipment. The company has migrated to the DLI scheme as it is designing and manufacturing the products locally. It was earlier selected by the government for the production linked-incentive (PLI) scheme for telecom equipment and design.
According to the company, it has applied for an investment of Rs 4.5 billion in the DLI scheme for the creation of facilities to manufacture telecom equipment including research and development (R&D) facilities. The subsidy amount will be contingent on the revenue generated, and the subsidy will be distributed over four years. The investment would support various stages of the development and the deployment of a futuristic variety of technological products and solutions. The investment will promote the development of indigenous and next-generation telecom solutions for India and its key global markets.
