The Department of Telecommunications (DoT) has extended the production-linked incentive (PLI) scheme for telecom by one year, and has amended the scheme to raise the incentive rate by an additional 1 per cent, aimed towards incentivising design-led manufacturing in the sector.
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The guidelines for the PLI Scheme for Telecom & Networking Products have been amended to introduce design-led manufacturing with additional incentive rates.
The design-led manufacturing scheme is open for both medium and small-scale enterprises (MSMEs) and non-MSMEs, including domestic and global companies.
The DoT also said applications for design-led manufacturing will be prioritised over other manufacturers. The scheme requires an investment threshold of Rs 10 crore for MSMEs and Rs 100 crore for non-MSMEs, excluding land and building cost.
The Centre will provide additional incentives of over Rs 4,000 crore under the amended scheme.
The incentives will be based on incremental sales of the manufactured goods, and range between 4 per cent to 7 per cent for different categories over the years. MSMEs will get an additional 1 per cent incentive in the first, second, and third years.
The DoT has also approved 11 new telecom and network products to the existing list of products that can be manufactured under the scheme.
Investment made by successful applicants in India from 1st April 2022 onwards and up to Financial Year 2025-2026 shall be eligible, subject to qualifying incremental annual thresholds.
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