Earlier this month, the Indian Government's Department of Telecommunications (DoT) approved 31 proposals entailing an investment of $447 million (INR 33450 million) over the next 4.5 years, as part of the Production Linked Incentive (PLI) scheme for telecom and networking products manufactured in India.
Proposals from seven global companies, eight domestic firms and 16 Micro Small and Medium Enterprises were approved. Nokia India, Ericsson, Foxconn, Tejas Networks, VVDN, STL Technologies, Dixon and HFCL, are some of the companies selected for this scheme.