PLI Scheme in Telecom: 31 Companies including Dixon, HFCL and Tejas Get Approval
Moneylife Digital Team 18 October 2021
As many as 31 companies, including 16 micro, small and medium enterprises (MSMEs) and 15 non-MSMEs comprising eight domestic and seven global companies, have received approval under the production linked incentive (PLI) scheme of the department of telecommunications (DoT). 
Eligible domestic companies under the non-MSME category are: Akashastha Technologies Pvt Ltd, Dixon Electro Appliances Pvt Ltd, HFCL Technologies Pvt Ltd, ITI Ltd, Neolync Tele Communications Pvt Ltd, Syrma Technology Pvt Ltd, Tejas Networks Ltd and VVDN Technologies Pvt Ltd.
MSME companies that are eligible for PLI in the telecom sector include Coral Telecom Ltd, Ehoome IoT Pvt Ltd, Elcom Innovations Pvt Ltd, Frog Cellsat Ltd, GDN Enterprises Pvt Ltd, GX India Pvt Ltd, Lekha Wireless Solutions Pvt Ltd, Panache Digilife Ltd, Priyaraj Electronics Ltd, Sixth Energy Technologies Pvt Ltd, Skyquad Electronics and Appliances Pvt Ltd, STL Networks Ltd, Surbhi Satcom Pvt Ltd, Synegra Ems Ltd, Systrome Technologies Pvt Ltd and Tianyin Worldtech India Pvt Ltd.
Eligible global companies under the non-MSME category include Commscope India Pvt Ltd, Flextronics Technologies (India) Pvt Ltd, Foxconn Technology (India) Pvt Ltd, Jabil Circuit India Pvt Ltd, Nokia Solutions and Networks India Pvt Ltd, Rising Stars Hi-Tech Pvt Ltd, and Sanmina-SCI India Pvt Ltd.
"As per commitments given by applicants, these 31 applicants are expected to invest Rs3,345 crore in the next four years and generate incremental employment of more than 40,000 people with an expected incremental production of around Rs1.82 lakh crore over the scheme period. The scheme is expected to boost domestic research & development (R&D) of new products on which 15% of the committed investment could be invested," the ministry of communications says in a release. 
Devusinh Chauhan, minister of state in the ministry of communications, says, "PLI Scheme in the telecom sector has been launched to realise the Prime minister's vision of Atmanirbhar Bharat. It will help reduce India's dependence on other countries to import telecom and networking products."  
He also called upon the industry leaders to focus on making high-quality products. He expressed the commitment to provide incentives and support to promote world-class manufacturing in the country.
DoT is launching the PLI scheme to boost domestic manufacturing in telecom and networking products by incentivising incremental investments and turnover with a total outlay of Rs12,195 crore. The scheme is effective 1 April 2021. The investments made by successful applicants in India from 1 April 2021 onwards and up to FY24-25 are eligible, subject to qualifying incremental annual thresholds. The support under the scheme would be provided for five years from FY21-22 to FY25-26.
1 month ago
It would have been good if among the companies if ones which are listed in our exchange is also mentioned so that people can check its performance over the past years.
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