The government hopes that the PLI scheme in the telecom sector will bring an investment of about 3 thousand crore rupees in the country. Along with this, employment will also be generated on a large scale.
Continuous efforts are being made by the Central Government to promote manufacturing activities. The government is promoting smartphone and other electronics devices and for this the PLI scheme is being run. Under this, an incentive scheme of Rs 12,195 crore has been made under the PLI for manufacturing telecom equipment. The government hopes that under this scheme, telecom equipment worth Rs 2,44,200 crore will be produced in the next five years.
Expected to generate 40 thousand direct and indirect jobs
The government says that this will generate 40 thousand direct and indirect jobs. This will lead to an export of Rs 1.95 lakh crore and will generate tax revenue of Rs 17000 crore. To meet the sales standards in this scheme, MSMEs will have the facility to invest in more than one product category.
Government wants to speed up manufacturing
Actually, the government wants to encourage manufacturing by turning the wheel of economy fast. Under this, the PLI scheme is being promoted. Since there is more employment potential in the manufacturing sector, the government’s full emphasis on the PLI scheme. As far as the PLI in the telecom sector is concerned, the government hopes that this will bring an investment of Rs 3,000 crore and generate employment on a large scale.
Increasing employment is at the top of the government’s priority at this time. For this reason, a large investment in infrastructure has been announced this time. The government has already announced financial incentives under the PLI scheme for some sectors. It is getting good results. The government’s intention is to attract companies exiting China under this scheme.
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