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Nokia, Samsung, Tejas Networks among 42 firms approved for PLI scheme

The scheme is crucial to strengthen the value chain of multiple verticals of 5G equipment. For these, India mainly depends on imports

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The Centre had also decided to provide additional incentives of over Rs 4,000 crore under the amended scheme

Subhayan Chakraborty New Delhi
The department of telecom (DoT) has approved 42 companies, including Nokia, Samsung and Tejas Networks, for receiving benefits under the design-led production-linked incentive (PLI) scheme for manufacturing telecom and networking products.
 
The latest list also includes Flextronics, VVDN, Jabil and HFCL, apart from 28 micro, small and medium enterprises.
 
The scheme is crucial to strengthen the value chain of multiple verticals of 5G equipment. For these, India mainly depends on imports.
 
The companies have committed a cumulative investment of Rs 4,115 crore, the DoT said.
 
It added that this is expected to generate additional sales of Rs 2.45 trillion and

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First Published: Oct 31 2022 | 8:48 PM IST

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