Cabinet approves PLI scheme for telecom sector
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The Union Cabinet on Wednesday authorised a Production Linked Incentive (PLI) scheme for telecom and networking merchandise.
Telecom manufacturing is anticipated to get enhance with outlay of ₹ 12,195 crore over 5 years resulting in enhanced manufacturing of greater than ₹ 2.4 lakh crore, stated Union Telecom Minister Ravi Shankar Prasad.
The minister stated that quickly the federal government will give you a PLI scheme to encourage manufacturing of laptops and pill PCs.
The eligibility for the scheme will probably be topic to achievement of a minimal threshold of cumulative incremental funding and incremental gross sales of manufactured items web of taxes. Financial Year 2019-20 shall be handled because the Base Year for computation of cumulative incremental gross sales of manufactured items web of taxes.
The scheme will probably be operational from April 1, 2021.
An identical PLI scheme associated to cell and element manufacturing was introduced in April 2020 through the peak of Covid pandemic.
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