DoT Release Guideline For Rs 12,195 cr; For PLI Scheme For Telecom Sector.

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PLI Scheme for the telecom sector The Department Of Telecommunications issued operational guidelines for the Rs12,195-crore..The Scheme registration process will be going to start Friday 4th of June and  will remain active till 30 days till 3rd July.

DoT  will  provide incentives to eligible companies on their investment and incremental sale ,the scheme which will be effective from April 1,2021 from the ongoing financial year till 2025-26… The operational guidelines for the scheme have been issued on June 3rd 2021, after extensive consultations with stakeholders.

Out of India the Scheme envisages to create global to grow in size and scale using cutting- edge technology and thereby penetrate the global value chains…

Erission , Nokia and HFCL Telecom gear makers are keen to expand their operations in India .Global companies including Samsung, Cisco, Ciena  and  Foxconn  have also shown interest in setting up manufacturing bases in the country for telecom and networking products for the domestic market and exports.

To encourage production of equipment  in over a period of five  years. the scheme of Telecom gear manufacturing in India expected worth of Rs.2.44 lakh crore.

For about 40,000 people. investments under telecom PLI (production-linked incentive) are expected to create direct and indirect employment According to an earlier announcement made by the government .

Investors can earn incentive for incremental sales up to 20 times the committed investment ,enabling them to reach global scales and utilize their unused capacity and ramp up production. ‘The scheme will be effective from April1, 2021. Investment   made by successful applicants in India from April 1,2021, onwards and up to the financial year 2024-25 shall be eligible, subject to qualifying incremental annual thresholds.

The support under the scheme shall be provided for a period of five years ,i.e  from F.Y 2021-22 to F.Y 2025-26, ‘ according to the statement.

The  scheme is open to both MSME and non-MSME companies, including domestic and Global companies. Also, manufacturers with products with Indian companies. Also manufactures with products with Indian technology are encouraged to apply. ‘Interested eligible applicants can start the registration process for the scheme from June 4th 2021….The application window shall be open for 30 days i.e up to July 3rd 2021, ‘The statement said’.

The government has set a minimum investment threshold of R.s 10 crore for MSMEs and R.s 100 crore for non- MSME applicants.

Land and building costs will not be counted as investment.

‘Eligibility  shall be further subject to incremental sales of manufactured goods ( covered under scheme target segments) over the base year (F.Y 2019-200

Small Industries Development Bank of India (SIDBI) has been appointed as the project management agency for the PLI scheme.

SOURCE (PTI).