BUDDYCONCEPT
  • Home
  • Current Affair
  • Andhra Current Affair
  • Telangana Current Affair
  • International Concept
  • Indian Polity Concept
  • Home
  • Current Affair
  • Andhra Current Affair
  • Telangana Current Affair
  • International Concept
  • Indian Polity Concept

Production Linked Incentive (PLI) Scheme for Telecom and Networking Products

17/2/2021

0 Comments

 
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore.
The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments of telecom and networking products in order to encourage Make in India. The scheme will also encourage exports of telecom and networking  products 'Made in India'.
​

About India Telecom and Networking Products opportunity 
Globally Telecom and Networking Products exports represent an US$100 billion market opportunity, which can be exploited by India. With support under the scheme, India will augment capacities by attracting large investments from global players and at the same time encourage promising domestic champion companies to seize the emerging opportunities and become big players in the export market.
In continuation of "Atmanirbhar Bharat-Strategies for enhancing India's Manufacturing capabilities and enhancing exports", this scheme is part of the umbrella scheme approved by the cabinet in November 2020 for implementation of PLI under various Ministries/ Departments including Department of Telecommunications (DoT).
0 Comments



Leave a Reply.

    Archives

    October 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021

    Categories

    All
    Awards In News
    Events In News
    Geography & Environment
    Important Days In News
    India & International
    Indian Culture & History
    Indian Defence News
    Indian Economy News
    Indian Polity News
    Person In News
    Report In News
    Scheme & Initiative
    Science & Technology
    Sports Current News

  • Home
  • Current Affair
  • Andhra Current Affair
  • Telangana Current Affair
  • International Concept
  • Indian Polity Concept