The Ministry of Communications has announced that the Telecom manufacturing would get a boost with the outlay of Rs.12195 crores over the five years resulting in an enhanced production of more than Rs 2.4 Lakh Crores. Pursuant to the extraordinary incentive of PLI being offered by the Government of India across varied sectors, the Cabinet now has approved the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. This approval has come in wake of very encouraging success of PLI that is related to Mobile and component manufacturing, which has been announced in April 2020 during the height of Covid pandemic.

Despite of 31st July 2020 being the last date for applying, the scheme has obtained ed a resounding response. All major mobile component manufacturers of world are expanding their powerful footprints in India by making investments, starting exports and giving jobs to thousands of Indians.

Today's Cabinet verdict addresses other component of Atmanirbhar Bharat to make India a global hub of manufacturing telecom equipment including core transmission equipment, Access & Customer Premises Equipment (CPE), 4G/5G Next Generation Radio Access Network and Wireless Equipment, Internet of Things (IoT) Access Devices, Other Wireless Equipment and Enterprise equipment like Switches, Routers and more.