Govt extends PLI application deadline for telecom products till August 5

The last day to submit applications for participating in the government’s production-linked incentive (PLI) scheme for design-led manufacturing of telecom and networking products has been extended to August 5 from the earlier deadline of July 20.

The extension, according to an official statement, was done following requests by interested companies and to encourage wider participation.

The government last month started inviting applications from interested companies for design-led manufacturing of telecom and networking products.

The Department of Telecommunications had, while announcing incentives of Rs 4,000 crore for design-led manufacturing, also extended by a year the PLI scheme for telecom and networking equipment.

The design-led manufacturing plan, which will operate under the umbrella of telecom PLI, plans to provide applicants an additional incentive of 1% for incremental production.

The PLI scheme for telecom and networking equipment was first announced in February 2021 with an incentive outlay of Rs 12,195 crore.

Applications of 31 global companies and eight local companies were approved as part of the plan.

These companies have collectively pledged to undertake incremental production worth Rs 1.82 trillion over the next five years.

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