Is Hfcl included in PLI scheme?

HFCL Technologies Private Limited is one of the 31 entities which has been granted approval under PLI Scheme for manufacturing of Telecom and Networking Products in India.

What is PLI scheme for telecom sector?

The PLI Scheme is being launched by DoT with the objective to boost domestic manufacturing in the telecom and networking products by incentivising incremental investments and turnover with total outlay of ₹ 12,195 crore. The scheme is effective from 1st April, 2021.

Who will benefit from PLI scheme?

“Automobile companies that will invest Rs 2,000 crore for four-wheelers and Rs 1,000 for two-wheelers over 5 years will be eligible for the government’s PLI scheme. Similarly, companies who invest more than Rs 80 crore will be eligible for the government’s PLI scheme,” he said.

How many companies are under PLI scheme?

2021. Total 52 companies filed their application with committed investment of Rs. 5,858 crore under the PLI scheme. After evaluation of all the applications, 42applicantswith committed investment of Rs 4,614 crorehave been provisionally selected as beneficiaries under the PLI scheme.

What is PLI scheme which 10 sectors are added to the scheme?

About Production Linked Incentive (PLI) Schemes Pharmaceuticals drugs: Department of Pharmaceuticals. Telecom & Networking Products: Department of Telecommunications. Food Products: Ministry of Food Processing Industries. Textile Products: MMF segment and technical textiles: Ministry of Textiles.

What type of industry is telecommunications?

The telecommunications sector consists of companies that transmit data in words, voice, audio, or video across the globe. Telecom equipment, telecom services, and wireless communication are the three basic sub-sectors of telecommunications.

What telecom means?

Telecommunications, also known as telecom, is the exchange of information over significant distances by electronic means and refers to all types of voice, data and video transmission. A complete, single telecommunications circuit consists of two stations, each equipped with a transmitter and a receiver.

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