India Telecom PLI Scheme Records Rs 3,400 cr Investment, Exports Total Rs 10,500 cr, Nearly 18,000 Jobs. The Indian government has recorded a significant increase in production, employment generation, economic growth, and exports linked to the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products, as well as for Large Scale Electronic Manufacturing of Electronics.
The Telecom PLI scheme has attracted Rs 3,400 investment, while telecom equipment production has exceeded Rs 50,000 crore, and exports total Rs 10,500 crore. More than 17,800 direct jobs have been created, in addition to indirect jobs. This highlights the robust growth and competitiveness of the country’s telecom manufacturing industry.
The PLI scheme promotes indigenous production and reduces import dependency. It enhances domestic manufacturing capabilities and makes India a global hub for telecom equipment production. Moreover, the scheme offers financial incentives to manufacturers in terms of their incremental sales from locally manufactured products.
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India Emerging as Mobile Phone Manufacturing Hub
The PLI scheme also covers the manufacturing of mobile phones and its components. As such, the production and export of mobile phones from India has peaked. From being a large importer of mobile phones in 2014-15, India has recorded 33 crore units produced in the country in 2023-24. Export of mobile phones increased from Rs 1,566 crore in 2014-15 and Rs 1,367 crore in 2017-18, to Rs 1,28,982 crore in 2023-24.
Import of mobile phones has dropped in 2023-24 to Rs 7,665. Make in India, Atmanirbhar Bharat and the PLI scheme have supported and boosted the manufacturing industry in India and spotlighted the country globally. Through the PLI scheme, Indian manufacturers are emerging as global competitors and attracting massive investment in cutting-edge technology.
