Govt releases Rs 331.8 cr under PLIs; Jabil Circuit, Nokia receive the most

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Govt releases Rs 331.8 cr under PLIs; Jabil Circuit, Nokia receive the most - Business Standard

Quick Summary:

Minister of State for Telecom Pemmasani Chandra Sekhar in a written reply to the Lok Sabha said as on October 31, the PLI (production-linked incentives) beneficiaries have reported employment of 25,359 people and total sales of Rs 68,708 crore, including exports of Rs 13,007 crore.

It is followed by Nokia Solutions and Networks India Pvt Ltd that has received incentives of Rs 46.92 crore, Tejas Networks Rs 32.66 crore, Flextronics Technologies (India) Rs 30.6 crore, Commscope India Rs 25.95 crore, NeoLync Tele Communications Rs 21.79 crore, Rising Stars Hi-Tech Rs 20.33 crore.

According to data shared by the minister, Jabil Circuit India leads the chart of beneficiary companies under the list with a total incentive of Rs 78.62 crore.