Patna: Union Minister Ravi Shankar Prasad addresses a press conference in Patna, on Dec 22, 2019. (Photo: IANS)
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.
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About the PLI scheme:
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