India's Well-Timed PLI Scheme is said to Fuel Manufacturing Of Telecom Products

CIOReviewIndia Team | Monday, 07 December 2020, 04:36 IST

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A senior official of Qualcomm has said that to fuel the overall manufacturing ecosystem in India for telecom and networking gear, components as well as tech products, and its strategic timing. The production-linked incentive scheme is expected to place the country in a great position for the future.

Rajen Vagadia, VP and President, Qualcomm India and SAARC, said, “The PLI scheme for telecom, announced recently by the government, would not only boost the local network gear manufacturing industry but would also help build a robust ecosystem.”

“The production linked incentive scheme by the government is a big catalyst as it will help global companies move their manufacturing and large parts of their supply chain to India and local companies to serve not just India but also export their products,” Vagadia said in an email interview.

“Considering Qualcomm has a play across each of these sectors, it will drive the continued adoption of our technologies in these segments, through our ecosystem partners,” Vagadia added.

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