Telecom Minister Ashwini Vaishnaw has said that investment by telecom companies under the production-linked incentive (PLI) scheme has crossed the halfway mark of Rs 2,419 crore, resulting in the employment of 17,753 people. The government shortlisted 42 companies in October 2022 that committed a total investment of Rs 4,115 crore and are likely to generate additional sales of Rs 2.45 lakh crore and employ over 44,000 people during the six-year scheme period ending 2025-26.
The minister said telecom equipment was being imported into the country for a long time, and it was unimaginable to manufacture and export telecom equipment from the country. Today, telecom equipment manufactured in India is exported to many countries, such as the US, European countries and Japan. He said ‘these are highly developed countries and we feel proud that our products are accepted as high quality in these countries. We should continuously strive to maintain the quality of the products.’
Vaishnaw has noted that that 5G was launched last year, and within a year, Bharat has become the third largest ecosystem for 5G in the world. The speed at which things were done is a matter of great pride. ITU has accepted our inputs in the standardisation of 6G. This process will be further strengthened in the coming years. He said ‘we are working towards positioning in India as a leading standard and IT contributor to the 6G journey.’
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: