New Delhi: The government has chosen 33 companies that will be awarded the benefits under the RS 12,195 Crore-Linked-Incentive (PLI) scheme for telecommunications and network equipment even as Tech Mahindra applications, Sterlite Technologies and Kenstel Networks tend to be rejected for technical reasons.
The scheme, which was notified on February 24 this year, has received 36 applications, which three are rejected, according to a source.
Winner – who will be notified immediately – has done Rs 3,455 Crore as proposed by the investment.
From the ‘global’ company that has been implemented, seven of the eight applicants have made wounds and this is Taiwan Foxconn (Investment proposed by Rs 208 Crore), Rising Hi-Tech Star (RS 125 Crore), Finland Nokia Solutions (RS 125) Crore) , Maker of American Flextronics (RS 102 Crore), RSZILI Circuit (RS 176 Crore), Commscope (RS 209 Crore), and Sanmina-SCI (RS 110 Crore), the source told toi.
On the domestic side, 26 companies have made pieces, nine large ones, and 17 in the MSME category.
Indian companies include Akashastha Technology (Investment Proposal RS 593 Crore), VVDN Technologies (RS 400 Crore), Neolync Tele Communications (RS 188 Crore), Electro Dixon Equipment (180 Crore), Iti (Rs 120 Crore), Tejas Networks (111) Crore), GDN Enterprises (RS 46 Crore) and STL Networks (Rs 49 Crore).
The Sterlite Technologies application, which was submitted under the company ‘Global’ category, was rejected because it fell from the minimum threshold criteria for RS 10,000 Crore.
“In a certificate for global income, the Company has taken ‘Vedanta’ income.
This is also mentioned in the certificate by the applicant that the income is not from electronics, ites, including software, telecommunications and network segments.
If Vedanta’s income is issued, global income stands at the hospital 5,180 Crore, which is lower than the minimum threshold of Rs 10,000 Crore for global companies, “said the source.
On the domestic side, Tech Mahindra application was also rejected because it was not involved in the manufacture of telecommunications equipment, but only in software.
“The company has submitted a product request, namely ‘software development’ in the category of ‘other products’, as decided by the secretary group empowered.
This scheme only imagines the manufacture of goods, and ‘software’ is not covered by the category of telecommunications and network products and the network ‘specified, “said the source.
Kenstel Networks, which has been applied under the MSME, has certified its income at Rs 6.4 Crore, which is less than the threshold of RS 10 Crore mandated for the category.
The government has floated schemes to encourage domestic manufacture in the telecommunications sector, including core transmission equipment, 4G / 5G generation radio access networks, IOT access devices and company products such as switches and routers.
The government feels that with the transition to 5G and other futuristic technology, India must have a strong eco system and manufacturing.
33 The company is set to make pieces for telecommunications incentives Crore RS 12K
