The government has provided for an outlay of Rs 12,195 crore over five years for the scheme and will offer it to five companies
Some leading telecom equipment manufacturers might be interested in the government’s Production Linked Incentive (PLI) scheme announced on Wednesday.
They include Nokia and Ericsson, Singapore-based electronics manufacturing service company Flex (earlier named Flextronics), Taiwan's Foxconn, besides Jabil Inc, Cisco, Ciena, and Samsung, which is a telecom vendor to Reliance Jio.
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments.
First Published: Feb 19 2021 | 06:10 AM IST