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Ericsson, Nokia not ready for investment under India’s new PLI scheme
- Friday | 14th August, 2020
Global telecom gear vendors like Ericsson, Nokia and Samsung are not ready to commit fresh investments to expand their manufacturing facilities under the proposed production-linked incentive (PLI) scheme due to limited local demand for products. India’s Department of Telecommunications (DoT) may launch the PLI scheme worth Rs 15,000 crore ($2.03 billion) for telecom products in next 3 to 4 weeks. Similar to the PLI scheme for mobile handset makers, the PLI scheme for telecom gear vendors is aiming to boost the domestic production of telecom products locally and reduce the dependence of China’s supply chain. Ericsson and Nokia already make 4G and 5G telecom gear in India. The multinational gear vendors are also at loggerheads with the DoT over the need to provide source codes of telecom products to the local authorities.
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