The PLI Effect: How Tejas Networks' Rs 189 Crore Incentive Will Shape India's Telecom Future

Tejas Networks has been given a substantial fillip with an incentive of Rs 189.1 crore from the Indian government under the Production Linked Incentive (PLI) scheme for telecom and networking products. This amount is the first tranche, which covers 85% of the incentive for the first half of FY25, with the balance to be disbursed subsequently as per the guidelines of the scheme.

This incentive is a part of the government's effort to boost domestic manufacturing and improve India's telecom infrastructure. Tejas Networks, supported by the Tata Group, develops and produces high-performance networking products for several industries worldwide.

The company's shares have seen ups and downs, but this PLI incentive will be expected to help its growth and manufacturing in the telecom industry.

Source: Economic Times India