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India to disburse over Rs 400 crore in incentives this FY to Nokia, Jabil & 18 others under PLI scheme for telecom gears

The Department of Telecommunications (DoT) is set to disburse over Rs 400 crore in incentives in the current fiscal year to 20 companies, including Nokia, Jabil, VVDN, and HFCL, that have met production targets under the telecom gear manufacturing PLI scheme. This marks the second year of the program, and some companies will receive incentives for the first time due to their participation in the amended scheme and increased investments.

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