Optiemus Infracom has informed that the Department of Telecommunications, Ministry of Communications has approved the application of GDN Enterprises (MSME), a company of Optiemus Group (in the category of Domestic Companies), under the Production Linked Incentive Scheme ('PLI Scheme') for the manufacturing of Telecom and Networking Products in India, on October 14, 2021. The PLI Scheme intends to promote manufacturing of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments of telecom and networking products in order to encourage Make in India. The scheme will also encourage exports of telecom and networking products 'Made in India’. The PLI scheme extends an incentive of 7% to 4% on achievement of a minimum threshold of cumulative incremental investment over a period of four years and incremental sales of manufactured goods over the base year 2019-20.
The above information is a part of company’s filings submitted to BSE.
