Centre approves incentive scheme of Rs 12,195 cr for telecom sector

NEW DELHI: Union Cabinet on Wednesday approved a production-linked incentive (PLI) scheme for an outlay worth Rs 12,195 Crore for the telecom sector.

 

The Cabinet has also approved amendments in the Juvenile Justice (JJ) Care and Protection of Children Act, 2015, which district magistrates along with ADMs to monitor the functions of the agencies implementing JJ Act.

 

The main component of this scheme is to offset the huge import of telecommunications equipment worth more than Rs 50,000 crore and enhance it with 'Made in India' goods for both domestic and export markets.

 

India currently imports more than 80 per cent of its telecommunications and wireless networking equipment.

 

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With the addition of the manufacturing of telecommunications equipment within the framework of PLI schemes, the total number of sectors covered by such programmes is 13. All the sectors covered by the different PLI schemes are mostly labor-intensive and aim to draw global manufacturing giants to the Indian manufacturing space.

 

A Comprehensive Economic Cooperation and Partnership Agreement (CECPA) or free trade agreement with Mauritius has also been cleared by the Union Cabinet.

 

The Indian-Mauritian CECPA includes 310 exports of goods to India, including food and beverage products, agricultural products, textiles and textiles, electrical and electronic goods, plastics and chemicals, etc.