Business

Centre Disburses Rs 1,162 Crore Under Telecom PLI Scheme

The Central government has disbursed ₹1,162 crore under the Telecom PLI Scheme till 31 March, according to data shared by the Department of Telecommunications (DoT) on Sunday.

Launched on 1 April 2021, the scheme aims to boost domestic manufacturing and reduce reliance on imports. It is set to end with the current financial year.

Of the 42 companies selected, only 21 manufacturers have received the incentives so far.

Jabil Circuit emerged as the top recipient with ₹235.87 crore received over two years. Other major beneficiaries include Flextronics (₹165.12 crore), Nokia (₹157.32 crore), NeoLync Telecommunications (₹142.06 crore), Rising Stars (₹80.33 crore), and Syrma SGS (₹53.23 crore).

Smaller recipients include VVDN Technologies (₹48.37 crore), Sanmina-SCI (₹44.35 crore), Dixon India (₹34.78 crore), and GX India (₹20.91 crore).

As of January 2025, companies under the scheme have invested ₹4,081 crore. This has generated ₹78,672 crore in total sales, including ₹14,963 crore in exports. The scheme has created 26,351 jobs so far.

Two companies — Coral Telecom and Alphion India — were denied incentives for failing to meet eligibility criteria.

A beneficiary company, speaking anonymously, raised concerns over some firms’ white-labelling imported products instead of manufacturing locally. This practice, they said, erodes margins and violates the scheme’s intent.

Industry experts are calling for stricter monitoring to ensure only genuine manufacturers benefit.

They stressed the need for better alignment between telecom operators and the government’s self-reliance goals. More support for locally valued products, they say, is vital to ensure job creation and real growth.

Also Read: New Company Registrations Surge By 29% In May 2025; Signalling Strong Economic Momentum

Ajaypal Choudhary

Recent Posts

Diwali Rally: Sensex Surges 1,718 Points, Nifty Crosses 25,000 After Seven-Day Winning Streak

Sensex jumps 1,718 points as Nifty crosses 25,000, extending India's longest seven-session winning streak in…

3 hours ago

Suryakumar Yadav Meets PM Modi With Family; Extends Diwali Greetings In Delhi

Suryakumar Yadav meets Prime Minister Narendra Modi with his family in Delhi, exchanging Diwali greetings…

3 hours ago

PM Modi Urges Families To Adopt Preventive Healthcare This Dhanteras

PM Modi urges families to prioritise preventive healthcare, embrace Ayurveda, adopt healthy habits and invest…

3 hours ago

Notice Movie Review: Arun Govil, Deepika Chikhlia Reunite After 39 Years

Arun Govil and Deepika Chikhlia reunite in Notice, a social drama about an elderly man's…

4 hours ago

Intensive Cholesterol Treatment Helps Reduce Heart Artery Plaque; Study Finds

A study found combination cholesterol therapy reduced artery plaque more effectively than high-dose statins alone…

4 hours ago

Amit Shah Accuses Congress Of Stalling Uttarakhand Border Development Over China Fears

Amit Shah accuses Congress of blocking Uttarakhand border roads over China fears, highlights BJP's development…

4 hours ago