Telecom equipment makers produce over Rs 62 billion worth of products in the first year of PLI scheme

As per industry sources, telecom equipment manufacturers have produced more than Rs 62 billion worth of products with an investment of close to Rs 2.47 billion since the launch of the production-linked incentive (PLI) scheme for the segment. Multinational corporations have reportedly invested Rs 1.51 billion in the scheme. In addition, large Indian manufacturers have invested Rs 860 million, while the remaining Rs 97 million of investment has come from micro, small and medium enterprises (MSMEs). Meanwhile, on the production side, global players account for Rs 54.71 billion of production, while large Indian companies contribute Rs 6.41 billion and MSMEs account for the balance Rs 1.22 billion.