November 25, 2024 12:01 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Maharashtra Elections: Mahayuti's newly-elected MLAs to select CM in key meeting on Monday | Mahayuti routs MVA in Maharashtra, INDIA retains Jharkhand; Priyanka's triumphant poll debut | How can Mahayuti win over 200 seats? Sanjay Raut cries foul over Maharashtra mandate | 'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024
31 companies approved under PLI Scheme for manufacturing of telecom and networking products
Telecom & Networking
Image Credit: Pixabay

31 companies approved under PLI Scheme for manufacturing of telecom and networking products

| @indiablooms | 30 Mar 2022, 08:47 pm

New Delhi: A total of 31 companies have been selected under the PLI Scheme for manufacturing of telecom and networking products in India, Minister of State for Communications Devusinh Chauhan said in a written reply to Lok Sabha on Wednesday.

In all 31 applicants have been approved under the Scheme, out of which 16 are MSME, eight Non- MSME (Domestic) and seven Non-MSME (Global).

The projected investment proposed in the telecom Sector under the PLI Telecom Scheme is Rs 3,344.90 crores.

The government had notified Production Linked Incentive (PLI) Scheme on 24.02.2021 to promote Telecom and Networking Products manufacturing in India within overall financial outlay of Rs 12,195 crore over five years.

The scheme guidelines has following provisions for MSME Category:

  • The scheme stipulates a minimum investment threshold of Rs 10 Crore for MSME and Rs 100 Crore for non MSME applicants.
  • For MSME category, there is financial allocation of Rs 1,000 Crore out of Rs 12,195 Crores over a period of 5 years.
  • Higher incentives are provided for MSMEs as compared to NON MSMEs in first three years

The financial outlay reserved for this scheme over the scheme period is Rs 12,195 crores.

To reduce dependence on other countries for importing telecom and networking products, the Government has taken steps like imposition of basic custom duty (ranging from 10-20%) on certain identified telecom products and notified Public Procurement (Preference to Make in India) Order on 29.08.2018.

List of selected companies under PLI scheme

Micro, Small and Medium Enterprises (MSME):

Coral Telecom Limited
Ehoome IoT Private Limited
Elcom Innovations Private Limited
Frog Cellsat Limited
GDN Enterprises Private Limited
GX India Private Limited
Lekha Wireless Solutions Pvt Ltd
Panache Digilife Limited
Priyaraj Electronics Limited
Sixth Energy Technologies Private Limited
Skyquad Electronics and Appliances Private Limited
STL Networks Limited
Surbhi Satcom Private Limited
Synegra Ems Limited
Systrome Technologies Private Limited
Tianyin Worldtech India Private Limited

Non-MSME-Domestic:

Akashastha Technologies Private Limited,
Dixon Electro Appliances Private Limited,
HFCL Technologies Private Limited,
ITI Limited,
Neolync Tele Communications Private Limited,
Syrma Technology Pvt Ltd,
Tejas Networks Limited and
VVDN Technologies Private Limited.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.