Indian electronics manufacturer Dixon Technologies will invest Rs 200-Rs 250 crore to start telecom equipment manufacturing in partnership with Bharti Enterprises under the production incentive-linked (PLI) scheme.
Dixon has applied for the scheme through its subsidiary which will form a joint venture with Bharti Enterprises to start production of customer-provided equipment (CPE) through their manufacturing unit in Punjab.
“We have applied for the scheme. We are excited to be looking at the opportunity to get into telecom manufacturing. We are partnering with Bharti for CPE devices and other telecom products in future. We are looking forward to an early announcement from the DoT,” Dixon Technologies executive chairman Sunil Vachani
Dixon has applied under the domestic manufacturers category along with players like HFCL, Coral Telecom, VVDN and Tejas Networks. Dixon was previously approved under the PLI scheme for mobile handsets and IT hardware.
Last month, the DoT had issued detailed guidelines while opening up applications for telecom equipment and networking products manufacturers to apply under the PLI scheme.
Investments made by successful applicants in India from April 1 this year to 2024-25 will be eligible for incentives, subject to qualifying incremental annual thresholds.
Under the scheme, 10 large manufacturers and 10 micro, small and medium enterprises (MSMEs) will be selected to receive incentives worth Rs 12,195 crore over a five-year period by achieving stipulated production targets. Of this, Rs 1,000 crore has been set aside for the 10 MSMEs, three out of which will be domestic companies.
The government expects that the scheme will encourage the production of equipment worth Rs 2.44 lakh crore, with exports of around Rs 2 lakh crore over a period of five years.
The post PLI Scheme: Dixon to Invest Upto Rs 250 Crore Jointly with Bharti appeared first on ELE Times.
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