Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push
Union minister Ravi Shankar Prasad said the Centre is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business
New Delhi: The Cabinet has approved production-linked incentive (PLI) scheme worth Rs 12,195 crore for telecom equipment manufacturing, Union minister Ravi Shankar Prasad said on Wednesday.
Briefing reporters after a meeting of the Cabinet, Communications Minister Ravi Shankar Prasad said the government is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business.
The Cabinet has approved production-linked incentive (PLI) scheme for telecom equipment manufacturing worth Rs 12,195 crore.
The government expects that the scheme will lead to Rs 2,44,200 crore incremental production of telecom equipment in the country in the next five years, Prasad said.
The minister said that soon the government will come up with a PLI scheme to encourage production of laptops and tablet PCs. .
Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply
The move comes days after the Congress-led government in the Union Territory lost power during a vote of confidence
According to the Ease of Living Index 2020 prepared by the ministry of housing and urban affairs, in cities with a population of less than a million, Shimla was ranked the highest
The apex court, while allowing Karti to travel abroad for six months, directed that the surety be deposited in a nationalised bank. The court earlier allowed him to travel to the UK, the US, France, Germany and Spain