June 21, 2022
The Department of Telecom (DoT) announced an incentive scheme for design-led manufacturing, along with extending the duration of the production-linked incentive (PLI) scheme by a year.
According to the reports, applications are invited from June 21 for a design-led manufacturing incentive of more than Rs 4,000 crore. The DoT also announced an additional incentive rate of 1 percent over and above the existing rates.
DoT also approved the addition of 11 new telecom and networking products to the existing list, based on suggestions from the stakeholders. For promoting design-led manufacturing, the Department of Telecommunications (DoT) is inviting applications from Design-led manufacturers as well as others, for availing incentives under the PLI Scheme for five years
A total of 31 companies, comprising 16 MSMEs and 15 Non-MSMEs including 8 domestic and 7 Global companies were given approval on October 14, 2021.
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