The company added that it is on track to fulfill its investment and production commitments under the PLI scheme
Bolstered by the government’s production-linked incentive (PLI) scheme for telecom gear manufacturing, telecom equipment maker Nokia is looking for more cost-competitive opportunities to manufacture more products in India.
These products, the company said, will serve the local as well as global market. The company added that it is on track to fulfill its investment and production commitments under the PLI scheme.
“Nokia is on-track to fulfill our investment and production commitments under the PLI scheme and we look forward to continued partnership with the Department of Telecommunications (DoT) in expanding the telecom and government procurement market in India for the PLI certified companies… We are always exploring opportunities to expand our manufacturing and add newer products that could be cost-competitively manufactured in India to serve the Indian and global market,” a Nokia India spokesperson said in a statement.
In December 2020, Nokia started the production of Nokia AirScale massive-MIMO (ma-MIMO) solution at its Chennai facility.
“Our Chennai factory is the largest active telecom equipment manufacturer and exporter in the country, making in India for India and the world for 100+ countries. We are particularly pleased to share that we are now also leading the way in cutting-edge 5G equipment manufacturing,” the spokesperson said.
31 companies, including Nokia, have committed to investing Rs 3,345 crore over the next four-and-a-half years. The companies selected for the PLI scheme include Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, VVDN Technologies, Tejas Networks, Akashastha Technologies and GS India.
DoT notified the PLI scheme for telecom and networking products on February 24, 2021, with a financial outlay of Rs 12,195 crore over the five years.
