India will launch a production-linked incentive scheme for 5G equipment, according to India s Finance Minister Nirmala Sitharaman in her budget speech.
The Department of Telecom on Thursday approved 31 proposals entailing an investment of Rs 3,345 crore over the next four and a half years. "The investment of Rs 3,345 crore in the next 4.5 years is just a beginning. Government is helping you (industry players) as a catalyst," Minister of State for Communications Devusinh Chauhan said. The companies selected for the PLI scheme