TEMA compliments the Govt. on releasing of guidelines for PLI in telecom. This is going to be Landmark happening for Make in India ATMA NIRBHAR BHARAT for telecom. TEMA compliments that this has come at most appropriate time, when domestic industry is geared up for starting manufacturing within India. DOT is complimented on very out of box initiative to reserve three applicants in each category only for domestic companies.
This is much needed effort and will result in Indian global champions with Rs 12,195 Crores incentive over next five years. One of great initiative is that for the first time, Rs 1,000 crores has been earmarked for MSME category.
TEMA is particularly happy that threshold limits for investment is has been made quite reasonable at Rs 10.00 Crores for MSME and Rs 100 crores for non MSME. TEMA believes that the scheme will result in investment of Rs 3,000 Crores and increased production for Rs 3.00 lac crores.
Prof NK Goyal, Chairman Emeritus TEMA