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Tomorrow there will be a big announcement regarding PLI in the telecom sector, know who will get how much

The basic objective of the PLI scheme for the telecom sector is to promote domestic manufacturing and reduce imports.

Telecom Minister Ashwani Vaishnav will make a big announcement tomorrow regarding PLI in the telecom sector. CNBC-Awaaz correspondent Aseem Manchanda has got information about which company can get how much PLI. Asim told that the announcement of telecom sector PLI is possible tomorrow. According to sources, there will be a press conference of Telecom Minister Ashwani Vaishnav at 12 o’clock tomorrow, in which the name of the companies that will get Telecom PLI will be announced. In this, 31 companies can be seen getting the benefit of Telecom PLI. The government has approved a PLI of Rs 3,345 crore.

According to the information received by CNBC-Awaaz quoting sources, ITI got Rs 57 crores on an investment of Rs 120 crores, TEJAS got Rs 358 crores on an investment of Rs 111 crores, DIXON got 579 crores on an investment of Rs 180 crores. Cr., HFCL can get PLI of Rs.128 crore, STL NETWORK Rs.138 crore and AKASHATHA TECH 1808 crore on investment of Rs.156 crore.

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The basic objective of the PLI scheme for the telecom sector is to promote domestic manufacturing and reduce imports. The PLI scheme approved by the government for the telecom sector is expected to create more than 40,000 new jobs in the next 5 years. Not only this, the government will also get revenue of about Rs 17,000 crore from this.

The PLI scheme of the telecom sector will focus on indigenous manufacturing of key transmission equipment, 4G or 5G and other new generation radio access networks and wireless equipment, Internet of Things, switches and routers etc. In such a situation, it can be expected that soon indigenous 5G technology will be available in the country.

The government has taken special measures in the PLI scheme to promote small-medium industries (MSMEs). MSMEs will be allowed to invest in more than one product category so that they come within the minimum investment and marketability limits of the government.

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