Govt approves over ₹12,000-cr PLI scheme for telecom equipment

PLI scheme on telecom products will be implemented from April 1, said IT Minister Ravi Shankar PrasadCentre will soon announce plan to boost local manufacturing of IT products such as laptops, he addedThe Union Cabinet on Wednesday approved Production Linked Incentive (PLI) norms for the telecom and network equipment manufacturing in order to boost local manufacturing of the components, said Union Minister of Electronics and Information Technology Ravi Shankar Prasad. The PLI scheme for the telecom sector is worth ₹12,195 crore over 5 years, he added.