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PLI scheme launched for telecom, electronics, solar PV, other key sectors

Factory, industry

The Union Cabinet has approved the Production Linked Incentive (PLI) Scheme for 10 "key sectors", including electronics, telecom and solar PV. The scheme essentially hopes to promote indigenous manufacturing and increase exports in the coming years, as part of the government's Atmanirbhar Bharat ("self reliance") vision. A total of ₹1.45 lakh crore has been earmarked for the scheme over a five-year period. Applications for the scheme will be appraised by the Expenditure Finance Committee (EFC), and approved by the Cabinet. For the telecom sector, which has an outlay of ₹12,195 crore, the PLI scheme will support the manufacturing of 4G, 5G, next generation radio access network and wireless equipment. This comes at a time when many countries in the world are trying to limit the influence and involvement of Chinese companies in the 5G ecosystem. India is currently working with Japan, the United Kingdom, with support from the United States, Australia and so on, to develop 5G and 5G Plus technologies. Additionally, the manufacturing of Internet of Things (IoT) access devices and enterprise equipment such as routers and routers will be supported. "Telecom equipment forms a critical and strategic element of building a secured telecom infrastructure and India aspires to become a major original equipment manufacturer of telecom and networking products." — Union Cabinet In the electronics manufacturing sector, which has an outlay of ₹5,000 crore, the scheme will support semiconductor fabrication, laptops and computer equipment such as servers and IoT devices. Per the official release, the government believes that…

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