New Delhi [India], March 22 (ANI): The Production Linked Incentive scheme PLI ) scheme for telecom and networking has generated export sales surpassing Rs 14,000 crore, fostering substantial expansion within India's home market telecom manufacturing sector.
As of January 31, 2025, Dr. Pemmasani Chandra Sekhar, who serves as the Minister of State for Communications and Rural Development in the Rajya Sabha, reported that participants in the program had contributed Rs 4,081 crores. The overall sales from this initiative amounted to Rs 78,672 crores, out of which Rs 14,963 crores were generated through specific activities. export sales .
Introduced on February 24, 2021, with an initial investment of Rs 12,195 crore, the project was launched. PLI The plan seeks to strengthen local production, decrease reliance on foreign goods, and encourage new developments in technology. telecom and networking industry.
According to the response from MoS, the PLI The scheme has turned out to be a transformative factor for India's telecom The manufacturing industry has generated more than 26,351 new positions within the field.
To ensure the success of the program, the government has updated the scheme’s guidelines to foster more development and creativity within the industry, as stated by the MoS. The modifications encompass a 1 percent extra bonus along with an extension of the list of approved items. products , adaptability in adding new products, and quarterly bonus incentives.
The government has substantially boosted budget allocations for crucial areas under the PLI Scheme In 2025-26, reiterating its dedication to enhancing local production capabilities.
Multiple industries have experienced significant increases, including Electronics and IT Hardware which saw an increase from Rs 5,777 crore (the revised figure for fiscal year 2024-25) to Rs 9,000 crore, as well as Automotive and Component Manufacturing, where funding jumped dramatically from Rs 346.87 crore up to Rs 2,818.85 crore. Additionally, the Textiles industry was notably bolstered, with its budget escalating sharply from Rs 45 crore all the way up to Rs 1,148 crore.
At a significant investment of Rs 1.97 lakh crore (more than USD 26 billion), the project PLI Scheme The emphasis is on 14 key sectors, carefully selected to boost the nation's manufacturing capabilities, drive technological progress, and strengthen India’s standing in international markets. (ANI)
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