Thanks to vision of our Hon’ble PM Modi Ji for Atma Nirbhar Bharat. TEMA is grateful to leadership of Hon‘ble MOCIT, Sh Ashwani Vaishnaw Ji, and Hon’ble MOSCIT Sh Devu Sinh Chauhan Ji that during last 75 years, it is for the first time during celebrations of Azadi Ka Amrit Mahotsav, that incentives of the order of Rs 12,000 Crores have been announced for telecom sector.
This step is in right direction to make India Atma Nirbhar Bharat in Telecom Sector. The decision has come right time and investment of the order of Rs 5,000 crores has been committed, as besides PLI beneficiaries Rs 3,345 crores, there would be investment in ancillaries and startups of about Rs 1,600 Crores.
This will boost R&D, Innovations and help in domestic manufacturing of 4G and 5G. India will soon be suppliers to world for 4G and 5G. The expected turnover of more than Rs 1.82 lakh crores will raise Indian manufacturing to global level. TEMA expects this will give direct and indirect employment opportunities to about 1,00,000 persons, over next five years.
It is great to see that during 75th year of independence, the landmark of this decision to put MSME at par with large and global companies, by announcement for 16 MSMEs and 15 Non MSME at the same time with MSME getting 1 % additional benefit. There has been equal treatment between domestic and global companies as both got 8 and 7 winners respectively.
Thanks to Government, Indian telecom sector is now on rise with telecom reforms, PM Gati Shakti program and now PLI.