• About us
  • Contact us
  • Our team
  • Terms of Service
Tuesday, June 16, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Only half of eligible players got telecom mfg PLI incentives Rs 1 162 cr disbursed till Mar 31

Press Trust of india by Press Trust of india
June 29, 2025
in BUSINESS
A A
0
FacebookTwitterWhatsapp

New Delhi: Under the telecom production-linked incentive scheme, only 21 out of the 42 eligible manufacturers have been able to get incentives till March 31, 2025, as per data shared by the Department of Telecom.

The Department of Telecom has disbursed Rs 1,162 crore for the telecom product-linked incentive scheme till March 31, this year.

More News

Investors become richer by Rs 18.15 lakh cr in two days of market rally

Indian LNG carrier safely crosses Hormuz, first since US-Iran ceasefire

World looking towards inclusive, human-centric technologies: PM Modi in France

Load More

The telecom product-linked incentive scheme came into effect from April 1, 2021 and is scheduled to end this fiscal year.

“Total incentive disbursed under the Scheme till March 31, 2025 is Rs 1,162.03 crore,” DoT said in response to information sought under Right to Information.

Only 21 out of the 42 shortlisted companies have received the incentive, while two companies were rejected for failing to achieve the target as per the scheme guidelines.

The claim applications of two beneficiaries — Coral Telecom Ltd for FY 2021-22 and — Alphion India Pvt Ltd for FY 2022-23 have been rejected due to non-achievement of eligibility threshold criteria,” the DoT said.

One of the beneficiaries on condition of anonymity said that some telecom gear makers were just white labelling imported products which impacted production and margins under the PLI scheme.

“A strict monitoring of the scheme is required to curb such unethical practices that have impacted the intent of the scheme. The government has given open support to telecom operators to improve their liquidity.

“Telecom operators should also align with the government’s ambition of self-reliance and job creation by encouraging procurement of products that come with higher local value addition,” a senior official of a broadband gear maker said.

The government had earmarked a total incentive of Rs 4,115 crore under the scheme. The scheme was estimated to generate additional sales of Rs 2.45 lakh crore and create additional employment of more than 44,000 over the scheme period.

According to an official statement, beneficiaries under the scheme have made an investment of Rs 4,081 crore, generating total sales of Rs 78,672 crore, which includes export sales worth Rs 14,963 crore till January 2025.

The eligible players have generated employment for 26,351 individuals.

Jabil Circuit was the biggest beneficiary of the scheme. It received Rs 235.87 crore as incentive in two fiscal years 2022-23 and 2023-24.

Flextronics received Rs 165.12 crore in incentive, Nokia Rs 157.32 crore, Reliance Industries backed NeoLync Tele Communications got Rs 142.06 crore, Foxconn’s Rising Stars received Rs 80.33 crore and Syrma SGS got Rs 53.23 crore.

The list of beneficiaries that received less than Rs 50 crore incentive include VVDN Technologies (Rs 48.37 crore), Sanmina-SCI (Rs 44.35 crore), Dixon India (34.78 crore) and GX India (Rs 20.91 crore).

 

Previous Post

PM Modi lauds Meghalaya’s Eri silk, highlights indigenous craftsmanship in ‘Mann Ki Baat’

Next Post

Gold may remain under pressure next week ahead of key US macro data Analysts

Press Trust of india

Press Trust of india

Related Posts

Investors become richer by Rs 18.15 lakh cr in two days of market rally

Equity investors’ wealth plunges Rs 1.36 lakh cr amid sell-off in markets
June 15, 2026

New Delhi:  Investors' wealth surged by Rs 18.15 lakh crore thanks to a two-day rally in the stock market after...

Read moreDetails

Indian LNG carrier safely crosses Hormuz, first since US-Iran ceasefire

1st Indian vessel crosses Strait of Hormuz after US-Iran ceasefire
June 15, 2026

New Delhi: A Liquefied Natural Gas (LNG) carrier, chartered by an Indian firm, safely transited through the Strait of Hormuz...

Read moreDetails

World looking towards inclusive, human-centric technologies: PM Modi in France

World looking towards inclusive, human-centric technologies: PM Modi in France
June 14, 2026

Nice (France):  India is no longer just a consumer of global solutions, but a major contributor to them, Prime Minister...

Read moreDetails

Rupee-dollar fluctuations driven by global, domestic factors: Sitharaman

India loves celebrating and recognising its diversity: Finance Minister Sitharaman
June 14, 2026

Bengaluru: Union Finance Minister Nirmala Sitharaman on Sunday said fluctuations in the rupee against the US dollar are driven by...

Read moreDetails

BRICS countries issue Indore Declaration, announce initiatives to promote agricultural cooperation

BRICS countries issue Indore Declaration, announce initiatives to promote agricultural cooperation
June 13, 2026

Indore:  The BRICS countries on Saturday issued the "Indore Declaration" at the end of a five-day meeting held here under...

Read moreDetails

No shortage of energy in country, LPG, oil supply situation comfortable: Hardeep Singh Puri

Parliament building inauguration: Cong lacks national spirit and sense of pride in India’s progress, alleges Puri
June 13, 2026

Chandigarh/Ludhiana: Union Minister Hardeep Singh Puri on Saturday said there is no shortage of energy in the country and the...

Read moreDetails
Next Post

Gold may remain under pressure next week ahead of key US macro data Analysts

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.