Telecom & Networking 31 companies approved under PLI Scheme for manufacturing of telecom and networking products
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.
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