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General

India to inject nearly INR 122 billion in local telecoms equipment production

Wednesday 17 February 2021 | 15:40 CET | News
India's federal cabinet has approved an INR 121.95 billion (approximately USD 1.68 billion) plan to promote local manufacturing and export of telecoms and networking equipment, Reuters reports, citing India's telecoms minister Ravi Shankar Prasad. The plan will provide equipment manufacturers with annual cash incentives of between 4 percent and 7 percent on any increase in sales of locally-made equipment over the next five years, compared with 2019/20 levels.

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Categories: General
Companies: Apple / Foxconn / Pegatron / Wistron
Countries: India
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