The government has received Rs 2,725 crore investments till end-October 2023 out of the total Rs 4,014 crore committed by 42 applicant companies under the production-linked incentive (PLI) scheme for telecom gear manufacturing, Devusinh Chauhan, minister of state for communications, told Parliament Friday.

He added that products worth Rs 8,804 crore had been exported till date under the PLI scheme for telecom gear and over 15,500 new jobs had been created till end-October, Economic Times reported.

“The PLI scheme for telecom and networking products was launched in June, 2021…within a short span, it has catalysed production of telecom equipment in India,” Chauhan told Rajya Sabha.

Elaborating on the progress levels of the telecom gear PLI scheme, he said that of the Rs 2,37,807 crore incremental sales committed by applicants, as much as Rs 38,999 crore had already been realised till end-October 2023. The scheme has also generated as many as 15,561 fresh jobs out of the targeted 44,494, he added.