34 C
Guwahati
Thursday, July 18, 2024

Centre extends design-led telecom PLI scheme application date in 5G era

- Advertisement -
- Advertisement -

NEW DELHI, Aug 4: In a bid to build a strong ecosystem for 5G in the country after a successful 5G spectrum auction, the Government on Thursday extended the last date for submission of applications under the design-led manufacturing scheme till August 25.
The Department of Telecommunication had notified the design-led production-linked scheme (PLI) scheme on February 24, 2021, with a financial outlay of Rs 12,195 crore.
The guidelines for the production-linked incentive (PLI) scheme for telecom and networking products have been amended with effect from April 1, to introduce design-led manufacturing with additional one percent incentive rates.
The registration process for design-led manufacturing under the PLI scheme started from June 21.
Earlier, the last date for submission of the application was extended till August 5.
The Department of Telecom (DoT) in June announced an incentive scheme for design-led manufacturing, along with extending the duration of production-linked incentive (PLI) scheme by a year.
DoT also approved the addition of 11 new telecom and networking products to the existing list, based on suggestions from the stakeholders.
The design-Led manufacturing is primarily aimed to support efforts for designing telecom products in India.
The government has also approved the addition of 11 new telecom and networking products to the existing list, and announced an additional incentive rate of 1% over and above existing incentive rates. (IANS)

- Advertisement -
The Hills Times
The Hills Timeshttps://www.thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -