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<\/span><\/figcaption><\/figure>NEW DELHI: Homegrown Tejas Networks<\/a> plans to invest Rs 750 crore to manufacture eligible products under the Design-led Production Linked Incentive (PLI) Scheme, according to a regulatory filing by the company on Tuesday.

“This is an excellent policy of Government of India to promote Indian R&D and IPR for the creation of world-class telecom products with high domestic value addition, where they give additional incentive for Indian designed and manufactured products,” said Sanjay Nayak, CEO & Managing Director of Tejas Networks.

“We look forward to contributing to the creation of a strong domestic ecosystem in next-generation telecom and networking products and help in realizing the vision of an Atmanirbhar Bharat in the telecom sector,” Nayak added.

Earlier, HFCL<\/a> said it will invest Rs 450 crores under the PLI scheme<\/a> and receive incentives to the tune of Rs 652.79 crores between FY2022-23 to FY2026-27.

The telecom gear makers’ statements come after the Ministry of Communications<\/a> expanded the PLI scheme for telecom and networking products with a total of 42 companies, including 28 medium and small enterprises (MSMEs), that have been cleared for receiving incentives for a total investment of Rs 4,115 crore.

Of these, 17 companies have applied for an additional 1% incentive under the design-led manufacturing criteria. In addition to HFCL and Tejas Networks, selected companies include global players Samsung<\/a>, Nokia<\/a>, Jabil, Rising Star, and Flextronics, as well as, homegrown ITI, VVDN, among others.

Additional sales of Rs 2.45 lakh crore are expected to be generated while more than 44,000 additional jobs are likely to be created over the five-year scheme period, the ministry said in a statement on Monday.

\"DoT<\/a><\/figure>

DoT OKs 42 firms for telecom products PLI, including 17 for design PLI<\/a><\/h2>

Of the selected firms, 17 companies have applied for an additional incentive of 1% under design-led manufacturing criteria, the government said in a statement Monday. The selected companies under the scheme include global majors like Samsung, Nokia, Jabil, Rising Star (Foxconn) and Flextronics as well as local players like HFCL, ITI, VVDN and Tejas Networks etc.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>NEW DELHI: Homegrown Tejas Networks<\/a> plans to invest Rs 750 crore to manufacture eligible products under the Design-led Production Linked Incentive (PLI) Scheme, according to a regulatory filing by the company on Tuesday.

“This is an excellent policy of Government of India to promote Indian R&D and IPR for the creation of world-class telecom products with high domestic value addition, where they give additional incentive for Indian designed and manufactured products,” said Sanjay Nayak, CEO & Managing Director of Tejas Networks.

“We look forward to contributing to the creation of a strong domestic ecosystem in next-generation telecom and networking products and help in realizing the vision of an Atmanirbhar Bharat in the telecom sector,” Nayak added.

Earlier, HFCL<\/a> said it will invest Rs 450 crores under the PLI scheme<\/a> and receive incentives to the tune of Rs 652.79 crores between FY2022-23 to FY2026-27.

The telecom gear makers’ statements come after the Ministry of Communications<\/a> expanded the PLI scheme for telecom and networking products with a total of 42 companies, including 28 medium and small enterprises (MSMEs), that have been cleared for receiving incentives for a total investment of Rs 4,115 crore.

Of these, 17 companies have applied for an additional 1% incentive under the design-led manufacturing criteria. In addition to HFCL and Tejas Networks, selected companies include global players Samsung<\/a>, Nokia<\/a>, Jabil, Rising Star, and Flextronics, as well as, homegrown ITI, VVDN, among others.

Additional sales of Rs 2.45 lakh crore are expected to be generated while more than 44,000 additional jobs are likely to be created over the five-year scheme period, the ministry said in a statement on Monday.

\"DoT<\/a><\/figure>

DoT OKs 42 firms for telecom products PLI, including 17 for design PLI<\/a><\/h2>

Of the selected firms, 17 companies have applied for an additional incentive of 1% under design-led manufacturing criteria, the government said in a statement Monday. The selected companies under the scheme include global majors like Samsung, Nokia, Jabil, Rising Star (Foxconn) and Flextronics as well as local players like HFCL, ITI, VVDN and Tejas Networks etc.<\/p><\/div>