26 domestic companies have been selected, which comprises of nine large ones, and 17 in the MSME category
The Department of Telecom (DoT) has shortlisted 33 companies, out of the 36 applications it has received, which would be incentivized under the production-linked incentive (PLI) scheme for telecom gear, a TOI report said while citing sources.
Applications of Tech Mahindra, Sterlite Technologies and Kenstel Networks are likely to be rejected on technical grounds, it added. The winners — who would be notified soon — have committed Rs 3,455 crore as proposed investments as part of the Rs 12,195 crore scheme.
Seven out of the eight global companies which applied for the incentives have been selected. They include Foxconn (proposed investment Rs 208 crore), Rising Stars Hi-Tech (Rs 125 crore), Finnish Nokia Solutions (Rs 125 crore), American makers Flextronics (Rs 102 crore), Jabil Circuit (Rs 176 crore), CommScope (Rs 209 crore), and Sanmina-SCI (Rs 110 crore), the report added.
26 domestic companies have been selected, which comprises of nine large ones, and 17 in the MSME category, including Akashastha Technologies (proposed investment Rs 593 crore), VVDN Technologies (Rs 400 crore), Neolync Tele Communications (Rs 188 crore), Dixon Electro Appliances (Rs 180 crore), ITI (Rs 120 crore), Tejas Networks (Rs 111 crore), GDN Enterprises (Rs 46 crore) and STL Networks (Rs 49 crore).
The application of Sterlite Technologies, filed under the ‘global’ companies category, is being rejected for falling short of the minimum threshold criteria of Rs 10,000-crore revenue. On the other hand, the application of Tech Mahindra is also being rejected as it is not engaged in the manufacturing of telecom equipment, but only in software.
Kenstel Networks, which has applied under MSME, has certified its revenues at Rs 6.4 crore, which is less than the stipulated Rs 10 crore threshold mandated for the category.
DoT had earlier framed the draft guidelines for the PLI scheme for telecom equipment in such a manner that companies committing higher investments would stand better chances to qualify for it.
