Categories: National

Cabinet approves PLI scheme for telecom sector worth Rs 12,195 crore

The Union Cabinet approved a Rs 12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access network, wireless equipment and other IoT access devices. Through this decision, the government aims to offset the imports of telecom equipment worth more than Rs 50,000 crore and reinforce it with “Made in India” products both for domestic markets and exports.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the PLI scheme:

  • The support under the PLI scheme will be provided to companies manufacturers of specified telecom and networking products in India like Gigabit Passive Optical Networks (GPON), base routers, Dense Wavelength Division Multiplexing (DWDM), Multiprotocol Label Switching (MPLS/ IPMPLS) and 5G/4G radios.
  • The government will soon come up with a PLI scheme to encourage the production of laptops and tablet PCs.

Find More National News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

LVM3-M6 Rocket Set to Launch on December 24, Announces ISRO

The Indian Space Research Organization (ISRO) has announced that its LVM3-M6 mission will be launched…

16 mins ago

Which Animal is known as the River Horse? Know About It

Rivers and freshwater areas are home to many powerful and unique animals. Some of them…

40 mins ago

RBI Board Sanctions Overhaul of Deposit Insurance Framework

An important reform aimed at strengthening India’s banking system the Central Board of Directors of…

52 mins ago

PGIMER Chandigarh Retains Top Spot as India’s Best Health Technology Assessment Institute

The Postgraduate Institute of Medical Education and Research (PGIMER) Chandigarh, has once again emerged as…

2 hours ago

Which Colour has the Longest Wavelength?

Light is all around us, and it is made up of many different colours. Each…

2 hours ago

Finance Ministry Unveils New Logo for Regional Rural Banks

To strengthening rural banking in India the Ministry of Finance has unveiled a new common…

2 hours ago