Govt Approves 42 Firms To Manufacture Equipment Under PLI Scheme: 44,000 Jobs Will Be Created

Under the production-linked incentive (PLI) scheme, 42 companies which including 28 MSMEs for telecom and networking products have been authorised by the Ministry of Communication.

The firms which are approved the include Global names like Samsung, Nokia, Jabil, Rising Star, Flextronics and local players such as HFCL, ITI, VVDN and Tejas Networks.

As per the report, 17 companies out of the selected firms have applied for an additional incentive of 1% under design-led manufacturing criteria.

Rs. 4,115 Crore Investment Committed by Companies

A total of Rs. 4,115 crore investment has been committed by these 42 firms, which is likely to generate more than 44,000 extra jobs in addition to an increase in revenue of Rs 2.45 lakh crore during the scheme period.

In order to build a strong domestic value chain, a design-led PLI plan for telecom and networking products has been introduced by the Union Budget of FY2022-23.

An extra incentive of 1% in addition to the existing incentives for goods which are manufactured and designed in India.

In June this year, the Department of Telecom launched an incentive scheme for design-led manufacturers and extended the duration of the Rs 12,195 crore production-linked incentive (PLI) scheme by a year.

List of 42 Companies

1. Alphion India Private Limited
2. Candid Optronix Pvt Ltd
3. Coral Telecom Limited
4. Design and Manufacturing Vista Electronics Pvt ..
5. Ehoome IOT Private Limited
6. Elcom Innovations Private Limited
7. Frog Cellsat Limited
8. GDN Enterprises Private Limited
9. GO IP Global Services Private Limited
10. GX India Private Limited
11. Huber + Suhner Electronics Private Limited
12. Kaynes International Design & Manufacturing Pvt. Ltd.
13. Lekha Wireless Solutions Pvt Ltd
14. Matrix Comsec Private Limited
15. Netlink ICT Pvt Ltd
16. Netweb Technologies India Pvt. Ltd.
17. Panache Digilife Limited
18. Priyaraj Electronics Limited
19. Samriddhi Automations Private Limited
20. Sansap Technology Private Limited
21. Sixth Energy Technologies Private Limited
22. Skyquad Electronics and Appliances Private Limited
23. Surbhi Satcom Private Limited
24. Synegra EMS Limited
25. Systrome Technologies Private Limited
26. Tecniqua India Private Limited
27. Tianyin Worldtech India Private Limited
28. Vihaan Networks Limited
29. Dixon Electro Appliances Private Limited
30. HFCL Limited
31. ITI Limited
32. Neolync Tele Communications Private Limited
33. Syrma SGS Technology Limited
34. Tejas Networks Limited
35. VVDN Technologies Private Limited
36. Commscope India Private Limited
37. Flextronics Technologies (India) Private Limited
38. Jabil Circuit India Private Limited
39. Nokia Solutions and Networks India Private Ltd
40. Rising Stars Hi-Tech Private Limited
41. Samsung India Electronics Pvt Ltd.
42. Sanmina-Sci India Private Limited