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Prime Minister Narendra Modi said on Wednesday that the Union Cabinet's approval to a production-linked incentive (PLI) scheme will make India a telecom manufacturing hub and generate opportunities for the youth.
The cabinet has approved a 12,195-crore PLI scheme for telecom gear manufacturing, a move, the government said, will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs.
The scheme will be operational from April 1.
In a tweet, Modi said, "Deepening connectivity, improving prosperity. Today's Cabinet decision pertaining to a PLI Scheme for the telecom sector will make India a telecom manufacturing hub and generate opportunities for our youth.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Wed, February 17 2021. 21:57 IST