Telecom Companies Invest Rs 2,419 Cr Under PLI Scheme Till Date: Ashwini Vaishnaw

Investment by telecom companies under the production-linked incentive scheme has crossed the halfway mark of Rs 2,419 crore, resulting in the employment of 17,753 people, Telecom Minister Ashwini Vaishnaw said on Tuesday.The government shortlisted 42 companies in October 2022 that committed a total investment of Rs 4,115 crore and are likely to generate additional sales of Rs 2.45 lakh crore and employ over 44,000 people during the six-year scheme period ending 2025-26. He was speaking during the virtual inauguration of a production line to manufacture 4G and 5G connectivity modules and data cards for US-based Telit Cinterion by domestic firm VVDN.