Telecom Dept starts disbursing PLI to manufacturers

New Delhi, Feb 13 (KNN) The Department of Telecom (DoT) has begun paying production-linked incentives (PLI) to manufacturers who are shortlisted and have accomplished their target for financial year 2021-22.

A government official in the know-how said that after being shortlisted under the PLI scheme for promoting local manufacturing Telecom gear maker GX Telecom has received an incentive fr0m the DoT. 

GX International Group CEO Paritosh Prajapati told PTI that the company’s vision for 2023 will be to develop products that are designed in India, made in India which will create skilled job opportunities in the direction of building India as a global hub with the incentive received further supporting new innovation to cater international market demands with indigenous products.

The company has a capacity to make 3.5 lakh units of GPON equipment which are used for rolling out broadband networks.

GX Group Head of Sales Sambit Swain said that there is an increased demand for Made in India telecom equipment in the global market and the group is confident of meeting investment and sales targets for the ongoing financial year.

A DoT official said that the GX Group firm GX India is the first shortlisted entity under the scheme to have received the incentive.

About 42 companies are selected under the PLI scheme, of which 17 companies have applied for additional incentives of 1 per cent under design-led manufacturing criteria.

The shortlisted companies have committed a total investment of Rs 4,115 crore which is expected to generate additional sales of Rs 2.45 lakh crore and create additional employment of more than 44,000 over the five-year scheme period effective fr0m April 1, 2022 onwards.  (KNN Bureau)