To promote domestic manufacturing in telecom, the PLI scheme (Telecom PLI) will be implemented. In this regard, the Department of Telecommunications will issue a guideline within a week.
In order to take the telecom world to a new peak, soon a Production Linked Incentive scheme will be implemented in it. It will be for the manufacturers. The Department of Telecommunications will issue a guideline for this within a week. This decision of the government will give a boost to the domestic manufacturing sector, which will end India’s dependence on China.
The objective of implementing the PLI scheme in the telecom sector is to attract global companies in the local manufacturing sector. On this issue, telecom equipment companies Ericsson and Nokia have expressed their desire to expand their work in India. Global companies like Samsung, Cisco, Siena and Foxconn have also shown interest in manufacturing telecom and networking products for domestic market and export in India.
40 thousand people will get employment
After the implementation of the PLI scheme in the telecom manufacturing sector, it is expected to manufacture equipment worth Rs 2.44 lakh crore. This will provide direct and indirect employment to about 40,000 people. Not only this, it is expected to get an investment of more than Rs 3,000 crore. It will also benefit the revenue, it is expected to benefit tax revenue of about 17,000 crore rupees.
Expenditure will be more than 12 crores
According to the Department of Telecommunications, 12,195 crore rupees will be spent under this project in five years. Let us know that the PLI scheme for telecom and networking products was notified on 24 February 2021. The government has already approved the telecom PLI. In such a situation, guidelines for its implementation have been prepared with application format and incentive allocation. It will be released within a week. Its information will be given on the website of the Department of Telecommunications.
A lot of goods are imported from China
India is dependent on China for most things. It makes up about 13.7% of its total imports from China. This mainly includes chemicals, automotive parts, electronics, telecom related equipment and pharmaceuticals accessories. Electronic items are the most imported item by China from India. Their total imported value was US $ 20.6 billion during FY 2018-19, after which the total import of machinery was US $ 13.4 billion.
Also read: Flipkart joins Adani Group, 2500 people will get employment
7th Pay Commission: DA may increase from 17 to 28%, these things will also benefit including PF